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 large increase in short interest in April. As of April 15th, there was short interest totalling 5,545,000 shares, an increase of 10.9% from the March 31st total of 4,998,600 shares. Based on an average daily trading volume, of 5,574,500 shares, the short-interest ratio is currently 1.0 days.

Federal Home Loan Mortgage Stock Performance

OTCMKTS FMCC traded down $0.07 on Tuesday, hitting $1.36. 580,122 shares of the company’s stock were exchanged, compared to its average volume of 2,088,947. The firm’s 50-day moving average price is $1.31 and its two-hundred day moving average price is $0.97. Federal Home Loan Mortgage has a fifty-two week low of $0.40 and a fifty-two week high of $1.75.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $5.37 billion during the quarter. Federal Home Loan Mortgage had a net margin of 9.75% and a negative return on equity of 24.28%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised Federal Home Loan Mortgage from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $1.25 to $2.50 in a research report on Monday, February 26th.

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.