Valeo Shares Climb 2.5% on the Eve of Its Half-Year Results, Among the Top Performers in the SBF 120
The automotive equipment manufacturer is making significant progress in the Paris session, on the eve of the publication of its half-year accounts. The stock is among the top gainers in the SBF 120, in a context where short positions remain high in the capital.
A Rebound That Takes the Stock Above the MM50 Before the Half-Year Results
Valeo shares gain 2.31% to €13.05, bringing its weekly advance to 4.3%. The stock is among the strongest risers in the SBF 120, in a broader index up by 0.29%. The rebound comes on the eve of the publication of the half-year accounts for S1 2026, expected on July 22. The session allows the price to consolidate its position above the MM50 (€12.66, a gap of +3.08%) and the MM200 (€11.72, a gap of +11.35%), while remaining below the MM20 at €14.29, which has capped rebound attempts since mid-June. The RSI at 50 indicates a neutral configuration, consistent with a recovery movement without excess. The support at €12.24, tested at the beginning of July during a 5% drop, remains the reference level for any downward movement.
A Cumulative Short of 9.3% of Capital Remains High Before the Publication
According to recorded statements, the cumulative net short position on Valeo reaches 9.32% of the capital, spread among six funds, slightly down by 0.44 points over thirty days. This level, among the highest in the sector, reflects a caution installed by institutional investors positioned against the stock or seeking to cover a sectoral exposure, in a still fragile European automotive environment. The very slight monthly decrease suggests the beginning of a reduction, without any massive covering movement at this stage. In terms of valuation, the stock is trading at about 8.1 times the earnings expected for the current fiscal year and 6.0 times those of the next fiscal year, according to the consensus of surveyed analysts. The half-yearly publication on July 22 will provide the first concrete elements on the operational trajectory of the group and the performance of margins in a sector still facing demand volatility.
