Ubisoft stock slips further, worst performer on the SBF 120 with -45% over one year
The Breton publisher is experiencing another difficult session on Wednesday, while the European market is evolving with a slight decline. The stock remains trapped below its three moving averages, within a fundamental dynamic that has been weighing for several weeks.
A decline that extends a fall of more than 10% over the week
The Ubisoft stock is down 2.39% to €4.99 during the session, after closing at €5.11 the previous day. The stock ranks among the largest declines on the SBF 120, in an index that is falling 0.34% in parallel. Pressure is building over the week: the stock has lost more than 10% over seven days, and has given up nearly 12.4% over the month. Over one year, losses exceed 45%, reflecting a fundamental dynamic that is not recovering.
The price remains below the 20-day moving average at €5.32 (gap of -6.28%), below the 50-day moving average at €5.42 (gap of -8.01%) and below the 200-day moving average at €5.18 (gap of -3.75%). This configuration below all moving averages reflects persistent selling pressure. The RSI at 44 remains in neutral territory, without a marked exhaustion signal in either direction, while the MACD remains in negative territory. The support level at €4.73 remains the next reference point to monitor in case of further decline.
Massive short positions in a context of global geopolitical tensions
The weight of short selling remains a salient element of the Ubisoft case. According to available disclosures, eleven funds together hold 13.27% of the capital sold short, down 2.45 percentage points over thirty days (compared to 15.72% a month ago). This decline shows partial covering of certain bearish positions, but the absolute level remains high: such a grip from shorts indicates that many institutional investors remain positioned against the stock, which can amplify downward movements during sessions.
This context of structural selling pressure is set against a tense geopolitical backdrop on Wednesday, with military escalation between Iran and the United States pushing the VIX up more than 10% during the session, to 16.42. For Ubisoft, the repeated declines over the past several weeks are primarily explained by factors specific to the publisher: during the publication of FY 2025 annual results (April 30, 2026), the company had highlighted a significant reduction in its net debt, brought from €885 million to €187.3 million, but had also recorded a negative IFRS net result, weighing on confidence. The support level at €4.73 remains the stock's low reference point.
