Ubisoft shares fall 3% and rank last on the SBF 120
The Breton publisher faces another difficult trading session on Monday, finding itself at the bottom of the expanded index while the CAC 40 and SBF 120 trade nearly flat. The decline is part of a weighty underlying trend, with the stock now down more than 45% over one year.
Ubisoft last on the SBF 120, below its three key moving averages
Ubisoft falls 3.02% to €5.14 in trading, placing it in last position on the SBF 120 among the index's 120 members. The CAC 40, meanwhile, trades flat (-0.02%), which isolates the stock's decline from the broader market trend. Over the week, losses reach 4.57%, and over one month, the stock has shed more than 12%. The technical configuration remains degraded.
The share price is trading below the 20-day moving average (€5.37, gap of 4.36%), the 50-day moving average (€5.43, gap of 5.41%) and the 200-day moving average (€5.19, gap of 1.04%): three moving averages that form a technical ceiling above the current price. As the stock declines, the support level at €4.73 becomes the reference to monitor, while resistance at €5.84 moves further away. The RSI at 48 remains neutral, with no signal of seller exhaustion at this stage.
Net short positions at 13% of capital, declining over thirty days
Beyond the trading session, the Ubisoft file presents a particularly significant level of short selling. According to filed disclosures, eleven funds cumulate 13.08% of capital sold short, with the latest declaration dated August 25, 2026. This figure remains elevated, even though it shows a reduction of 2.64 percentage points compared to the 15.72% recorded thirty days ago: some of the bearish positions have therefore been reduced or covered during the period, without the overall pressure disappearing entirely.
Such a cumulative position signals that a significant fraction of institutional players is betting on a decline in the stock, or hedging an existing exposure, without allowing us to deduce their precise motivations. On a fundamental level, the 2025 fiscal year results published on April 30, 2026 illustrated a negative IFRS net result, while net debt had been reduced from €885 million to €187.3 million, substantially reducing balance sheet risk. In this context, the support level at €4.73 constitutes the next reference level for the near-term dynamic.
