Casino’s Woes Lure Short Sellers to Bet Against the Stock Again

Casino Guichard-Perrachon SA, the debt-laden French grocer led by Chief Executive Officer Jean-Charles Naouri, is once again attracting interest from short sellers even with the stock already hovering at an all-time low.

Investors are shorting 21% of Casino’s shares available for trading, according to data compiled by IHS Markit Ltd. That’s the highest in about two years, and up from a low of 6.3% a year ago for the company, which owns the Monoprix and Franprix grocery chains.

The stock has lost more than half its value this year and slumped to a record low Tuesday on worries ...