Time to Reconsider Freds Inc (NASDAQ:FRED) After More Short Sellers?

Fred's, Inc. (NASDAQ:FRED) Logo

Investors sentiment decreased to 0.53 in 2018 Q2. Its down 0.27, from 0.8 in 2018Q1. It is negative, as 42 investors sold Fred's, Inc. shares while 20 reduced holdings. 21 funds opened positions while 12 raised stakes. 15.84 million shares or 45.02% less from 28.82 million shares in 2018Q1 were reported.
Bnp Paribas Arbitrage Sa holds 0% or 6,557 shares in its portfolio. Ancora Advisors Limited Liability Com owns 176,191 shares or 0.02% of their US portfolio. Blackrock holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 618,449 shares. Lpl Fincl Ltd Llc accumulated 33,818 shares or 0% of the stock. Paloma Prns Communications has 0.01% invested in Fred's, Inc. (NASDAQ:FRED). Livingston Grp Inc Asset Management (Operating As Southport Management) holds 20,000 shares. Pnc Service Group Inc reported 0% stake. Citigroup Inc owns 0% invested in Fred's, Inc. (NASDAQ:FRED) for 38,051 shares. State Street Corporation owns 54,020 shares or 0% of their US portfolio. Kessler Limited Com reported 42,316 shares. Morgan Stanley holds 131,162 shares. The California-based Wells Fargo Mn has invested 0% in Fred's, Inc. (NASDAQ:FRED). Lorber David A reported 8,533 shares. California Public Employees Retirement System owns 0% invested in Fred's, Inc. (NASDAQ:FRED) for 367,754 shares. Nwq Invest Management Limited Liability Company reported 2.77 million shares or 0.11% of all its holdings.

Since October 15, 2018, it had 4 insider buys, and 0 insider sales for $10.15 million activity.

The stock of Freds Inc (NASDAQ:FRED) registered an increase of 2.13% in short interest. FRED’s total short interest was 7.63 million shares in December as published by FINRA. Its up 2.13% from 7.47 million shares, reported previously. With 402,900 shares average volume, it will take short sellers 19 days to cover their FRED’s short positions. The short interest to Freds Inc’s float is 30.46%.

The stock increased 0.37% or $0.01 during the last trading session, reaching $2.68. About 194,983 shares traded. Fred's, Inc. (NASDAQ:FRED) has declined 61.17% since December 8, 2017 and is downtrending. It has underperformed by 76.79% the S&P500.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $96.53 million. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It currently has negative earnings. It also sells general merchandise to franchised Fred's stores.

More notable recent Fred's, Inc. (NASDAQ:FRED) news were published by: Nasdaq.com which released: “Former Insys executive pleads guilty to opioid bribe scheme – Nasdaq” on November 28, 2018, also Seekingalpha.com with their article: “Walgreens acquires pharmacy files from Fred’s – Seeking Alpha” published on September 10, 2018, Nasdaq.com published: “Hudson La Force Elected President and Chief Executive Officer – Nasdaq” on November 08, 2018. More interesting news about Fred's, Inc. (NASDAQ:FRED) were released by: Nasdaq.com and their article: “Wall Street Post Worst Thanksgiving in 7 Years: 5 Low-Risk Funds – Nasdaq” published on November 26, 2018 as well as Nasdaq.com‘s news article titled: “Fred’s (FRED) Q4 Loss Widens Year Over Year, Stock Loses 6% – Nasdaq” with publication date: May 07, 2018.

Fred's, Inc. (NASDAQ:FRED) Institutional Positions Chart

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