Market's view on Halfords
Published on April 2024
- WorldQuant has been progressively reducing its short position, from a peak of 1.31% to 0.77%, impacting total declared shorts which now stand at 2.96%.
- Norges Bank has reduced its holding below 3%.
- JP Morgan has increased its short to 0.67%, contributing to an increase in total declared shorts to 3.44%.
- A stock watcher observed a significant drop in customer turnout at a local Halfords, questioning if the increase in electric vehicles is impacting the business.
- There are concerns about the company’s financial forecasting capabilities following a reported £13m drop in profit forecast, representing a 26% error within a month.
- A comparison is made suggesting that the company could have a ‘Blockbuster effect’, indicating a potential downfall.