Short Interest in Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Drops By 18.5%

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 12,584,900 shares, a decrease of 18.5% from the February 13th total of 15,439,100 shares. Based on an average trading volume of 8,897,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.9% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Federal Home Loan Mortgage Trading Down 4.9 %

Shares of Federal Home Loan Mortgage stock opened at $4.84 on Tuesday. Federal Home Loan Mortgage has a 12 month low of $0.94 and a 12 month high of $7.15. The stock’s fifty day moving average price is $5.55 and its 200-day moving average price is $3.24. The firm has a market cap of $3.15 billion, a P/E ratio of -80.65 and a beta of 2.05.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its earnings results on Thursday, February 13th. The company reported $0.01 earnings per share (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 $6.33 billion for the quarter.

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.