Vusion Shares Bounce Back 2.5% but Still Weighed Down by 4.8% Short Selling
The Nanterre-based specialist in connected electronic labels is regaining some ground in the early afternoon, in a well-oriented Parisian market. The stock ranks among the top gainers of the SBF 120 after a week marked by a significant decline. Short positions remain a key structural point of the issue.
A Rebound That Only Covers a Fraction of the Weekly Decline
Vusion's stock gains 2.67% to €119.00, among the strongest rises in the SBF 120, while the broader index is up 0.49% and the CAC 40 increases by 0.48%. Today's movement only mitigates part of the weekly decline, with the stock still down 52.25% over the year. The rebound follows several challenging sessions, including a nearly 5% drop on July 16 that extended the decline from July 15, despite the announcement made that day about Decathlon surpassing the 700-store mark in 54 countries.
The stock remains well below its moving averages, with a gap of 11.39% below the MM20 (€134.29) and 29.72% below the MM200 (€169.32), indicating a still deteriorating underlying trend despite today's rally. The RSI at 37 indicates seller exhaustion in recent sessions without entering an oversold zone.
High Short Positions and Technical Support at €117.40 as a Technical Reference
According to collected statements, seven funds accumulate a net short position of 4.81% of the capital, a high level reflecting persistent skepticism from institutional investors about the stock. However, the declared bearish pressure has eased over thirty days, with a decrease of 1.23 points (the total was 6.04% a month ago), indicating a start of partial coverage without eliminating market stress surrounding the stock. This point should be monitored without overinterpretation: a cumulative total over 3% of the capital signals a structured bearish exposure, but the recent dynamics are rather unfavorable for short sellers.
From a technical standpoint, the stock is hovering around its support at €117.40, a threshold already broken on June 24 before being reclaimed, and faces resistance at €147, more than 23% above the current price. The maintenance of the €117.40 zone is the short-term marker to watch to gauge the strength of the rebound.
