Is Freds Inc (NASDAQ:FRED) a Buy? The Stock Reported more 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 fall, 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.
Blackrock, a New York-based fund reported 618,449 shares. Bluecrest Ltd has invested 0.01% in Fred's, Inc. (NASDAQ:FRED). Lmr Prtn Llp invested in 117,383 shares. Moreover, Manufacturers Life Insur The has 0% invested in Fred's, Inc. (NASDAQ:FRED). Federated Investors Pa holds 2,158 shares. Ancora Advisors Ltd Liability Com reported 176,191 shares or 0.02% of all its holdings. Jane Street Gru Limited Liability Corp stated it has 0% in Fred's, Inc. (NASDAQ:FRED). Tower Rech Lc (Trc) reported 0% stake. Barrow Hanley Mewhinney & Strauss Limited Liability Corp reported 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Moreover, Pnc Services Gru has 0% invested in Fred's, Inc. (NASDAQ:FRED) for 110 shares. Royal Bancshares Of Canada owns 33,057 shares. Frontfour Grp Limited owns 406,467 shares. Bank & Trust Of Montreal Can invested 0% in Fred's, Inc. (NASDAQ:FRED). Citigroup reported 38,051 shares. 131,162 are owned by Morgan Stanley.

Since October 15, 2018, it had 4 insider purchases, and 0 selling transactions 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: “WOW! Unlimited Media Featured in LA Times Article – Nasdaq” on November 21, 2018, also Seekingalpha.com with their article: “Walgreens acquires pharmacy files from Fred’s – Seeking Alpha” published on September 10, 2018, Nasdaq.com published: “Fred’s Sets Third Quarter 2018 Conference Call for Thursday, December 13, 2018, at 8:00 AM ET – Nasdaq” on December 04, 2018. More interesting news about Fred's, Inc. (NASDAQ:FRED) were released by: Nasdaq.com and their article: “Fred’s (FRED) Q4 Loss Widens Year Over Year, Stock Loses 6% – Nasdaq” published on May 07, 2018 as well as Globenewswire.com‘s news article titled: “Enochian Biosciences Announces Uplisting to Nasdaq Under Symbol “ENOB” – GlobeNewswire” with publication date: December 05, 2018.

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

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