Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Large Decrease in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCCGet Free Report) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 12,584,900 shares, a decline of 18.5% from the February 13th total of 15,439,100 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 8,897,400 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and lifted their price target for the stock from $4.00 to $4.50 in a research note on Monday, January 27th.

Get Our Latest Analysis on FMCC

Federal Home Loan Mortgage Trading Down 2.5 %

Shares of FMCC stock traded down $0.12 during trading hours on Wednesday, hitting $4.72. 2,502,897 shares of the company’s stock were exchanged, compared to its average volume of 6,756,235. Federal Home Loan Mortgage has a 12-month low of $0.94 and a 12-month high of $7.15. The company has a market capitalization of $3.07 billion, a PE ratio of -78.65 and a beta of 2.05. The business’s 50 day simple moving average is $5.56 and its 200-day simple moving average is $3.27.

Federal Home Loan Mortgage (OTCMKTS:FMCCGet Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $6.33 billion during the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

Federal Home Loan Mortgage Company Profile

(Get Free Report)

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.

Further Reading

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