Ubisoft's Stock Climbs to €5.52 Ahead of Tense Annual Results

Stock Crosses Upper Bollinger Band Just Before Annual Release

Ubisoft is in a tense technical configuration. The price exceeds the upper Bollinger band set at €5.33, a short-term overbought signal. The RSI reaches 66, in the upper neutral zone. The stock has also broken through its identified resistance at €5.34. However, it remains 14.4% below its 200-day moving average at €6.45, which indicates a medium-term decline. Over one year, the stock still shows a decline of nearly 43%. This movement occurs on the eve of a major financial event: the publication of the revenue and results for the fiscal year 2025-2026 is expected on May 20. Several sessions of increase have preceded this deadline, following a jump of 6.48% on May 14 and a drop yesterday to €5.11.

Short Positions Remain High at Nearly 15% of Capital

Selling pressure has not eased on the stock. According to reviewed declarations, the cumulative net short positions reach 14.93% of the capital, declared by 11 funds. The latest update was on May 14. Over 30 days, these positions have slightly increased by 0.11 point. The main short sellers are Citadel Advisors (3.41%), Marshall Wace (2.16%), and D. E. Shaw (1.79%). This positioning reflects the persistent skepticism of part of the market about the publisher's trajectory, despite the recent rebound in the stock price. The context also recalls the precedent of January 22, 2026, when the stock plummeted by 34% following a profit warning. This history weighs on the interpretation of tomorrow's publication. The annual revenue and the 2025-2026 accounts will be communicated on May 20, at the end of a closely monitored fiscal year.