Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Up 15.6% in December

Federal Home Loan Mortgage Co. (OTCMKTS:FMCCGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 18,368,900 shares, an increase of 15.6% from the December 15th total of 15,887,300 shares. Based on an average daily volume of 8,524,300 shares, the short-interest ratio is currently 2.2 days.

Federal Home Loan Mortgage Price Performance

Federal Home Loan Mortgage stock traded up $1.27 during midday trading on Friday, reaching $6.10. The stock had a trading volume of 13,351,167 shares, compared to its average volume of 14,783,388. Federal Home Loan Mortgage has a twelve month low of $0.86 and a twelve month high of $7.15. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -101.65 and a beta of 2.05. The firm’s fifty day simple moving average is $3.34 and its two-hundred day simple moving average is $1.97.

Federal Home Loan Mortgage (OTCMKTS:FMCCGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on Federal Home Loan Mortgage

About Federal Home Loan Mortgage

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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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