Today Freds Inc (NASDAQ:FRED) Reported Increase in Shorted Shares

July 27, 2018 - By Pearl Odom

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

Investors sentiment increased to 0.8 in Q1 2018. Its up 0.02, from 0.78 in 2017Q4. It increased, as 19 investors sold Fred's, Inc. shares while 31 reduced holdings. 8 funds opened positions while 32 raised stakes. 28.82 million shares or 6.89% less from 30.95 million shares in 2017Q4 were reported.
Moreover, Hsbc Public Ltd has 0% invested in Fred's, Inc. (NASDAQ:FRED) for 47,208 shares. Boothbay Fund Lc invested in 0.01% or 33,750 shares. Dimensional Fund Limited Partnership has invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Ls Advisors Ltd Liability holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 1,173 shares. Royal Bank & Trust Of Canada reported 5,006 shares stake. Gemmer Asset Mngmt Ltd Liability Com accumulated 0% or 86 shares. Ny State Teachers Retirement Systems holds 0% or 85,395 shares in its portfolio. Savings Bank Of America Corp De invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). 43,311 are held by Tudor Et Al. Great West Life Assurance Com Can invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Principal Finance Gru Incorporated has 0% invested in Fred's, Inc. (NASDAQ:FRED) for 275,432 shares. Aqr Cap Mgmt Ltd Liability Company holds 0% in Fred's, Inc. (NASDAQ:FRED) or 82,731 shares. Jefferies Gp Limited Liability reported 108,512 shares. Smithfield Trust Com stated it has 3,750 shares. Arizona State Retirement Systems invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED).

The stock of Freds Inc (NASDAQ:FRED) registered an increase of 5.47% in short interest. FRED’s total short interest was 10.62M shares in July as published by FINRA. Its up 5.47% from 10.07 million shares, reported previously. With 830,900 shares average volume, it will take short sellers 13 days to cover their FRED’s short positions. The short interest to Freds Inc’s float is 40.54%.

The stock increased 3.41% or $0.07 during the last trading session, reaching $2.12. About 305,707 shares traded. Fred's, Inc. (NASDAQ:FRED) has declined 88.06% since July 27, 2017 and is downtrending. It has underperformed by 100.63% 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 $78.99 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.

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

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