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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 7,895,900 shares, a decrease of 37.3% from the February 28th total of 12,584,900 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 8,634,700 shares, the short-interest ratio is presently 0.9 days.

Federal Home Loan Mortgage Stock Down 5.6 %

Shares of OTCMKTS:FMCC traded down $0.32 during trading on Monday, hitting $5.42. 3,348,024 shares of the company were exchanged, compared to its average volume of 6,287,735. The business’s 50 day moving average is $5.61 and its 200-day moving average is $3.52. Federal Home Loan Mortgage has a 1-year low of $0.94 and a 1-year high of $7.15. The company has a market capitalization of $3.52 billion, a P/E ratio of -90.32 and a beta of 2.05.

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

Analyst Ratings Changes

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

About Federal Home Loan Mortgage

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.