Teleperformance Shares Drop Nearly 4% in a Week, Short Sellers Hold Nearly 11% of Capital

Teleperformance Shares Decline Amid Broader Market Downturn

Teleperformance shares are down 1.31% at €61.68 in early afternoon trading, while the SBF 120 is down 0.35%. The stock is retreating, continuing a correction that began the previous week, particularly due to the dividend detachment. The price has fallen below the 20-day moving average, located at €67.26, marking a negative gap of 8.3%, indicating a loss of short-term momentum. However, it remains above the 50-day moving average at €58.44 and the 200-day moving average at €59.65, which preserves a positive medium-term orientation. The RSI at 47 indicates a neutral configuration, following a phase of overbought conditions in mid-May. Over the week, the stock has lost nearly 4%, but it still maintains a gain of over 20% over three months, demonstrating that the structural rebound is still intact.

High Short Positions and Modest Valuation in the Background

According to reviewed declarations, nine funds accumulate a net short position of 10.99% of the capital, a level that remains high in absolute terms. However, this total has decreased by 1.82 points over thirty days, suggesting the beginning of a gradual unwinding after the spring rally. This level of short interest indicates that institutional participants remain positioned against the stock, though this should not be seen as a clear signal of future trajectory. The company is emerging from a dense sequence of financing activities, with the completion of a €600 million bond buyback on May 27 and the dividend detachment at the end of the month. According to the consensus of surveyed analysts, the stock is trading at approximately 4.7 times the expected earnings for the current fiscal year, a modest multiple that frames the current consolidation. In the short term, surpassing the 20-day moving average at €67.26 sets the next technical hurdle to monitor above the current price.