Harvey Norman Holdings Limited (ASX:HVN) and JB Hi-Fi Limited (ASX:JBH) are set to downgrade earnings forecasts when they deliver first half results, according to News Corp reports.
The reports speculate that many analysts are encouraging shareholders to sell off their holdings in the two companies.
Harvey Norman finds itself with 24.69 per cent of its stock sold short, with several analysts rating the stock as a ‘sell.’
JB Hi-Fi however is the most shorted stock among retailers, with 28.54 per cent of its shares being sold short.
JB had hoped the Christmas period would boost earnings after informing the market of a slide in sales last October.
Harvey Norman reported a $176.3 million profit in the 2012 financial year.
HVN Price at posting:
$1.92 Sentiment: None Disclosure: Held
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