Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Significant Growth in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,832,100 shares, a growth of 12.0% from the October 31st total of 6,990,500 shares. Based on an average daily trading volume, of 31,227,000 shares, the short-interest ratio is currently 0.3 days.

Federal Home Loan Mortgage Price Performance

Shares of OTCMKTS:FMCC traded down $0.03 during midday trading on Friday, hitting $3.10. 1,965,191 shares of the company’s stock were exchanged, compared to its average volume of 2,748,889. Federal Home Loan Mortgage has a 12 month low of $0.62 and a 12 month high of $3.56. The company has a market cap of $2.02 billion, a PE ratio of -51.67 and a beta of 1.69. The stock has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.46.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) EPS for the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.40 billion.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research report on Wednesday, November 20th.

Federal Home Loan Mortgage Company Profile

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.