For many months, the IT services company was the most short-sold company of the entire Paris Stock Exchange. This period is now over since it is Orpea which has just stolen the limelight from it.
Long under pressure from short sellers, Atos is beginning to see them gradually desert while its share price has been rising steadily for several sessions. The title thus recovered more than 38% in one month but it is true that it had fallen to a totally ridiculous level of valuation.
Short sellers are therefore trying to calmly unwind their positions without causing the value to ignite, but the exit movement is quite clear. While there is still just over 10% of capital sold short, or nearly 12 million shares, this figure has been reduced by more than 25% in the space of a month.
The graph below, which materializes the evolution of short selling, clearly shows the sharp decline since the peak which was reached on October 17 at 15% of the capital in a short position.
If all the funds that are positioned for sale have reduced the airfoil, it should be noted that 3 of them have completely closed their positions, in this case: Citadel, BG Master Fund and PDT Partners
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