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

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

Federal Home Loan Mortgage Stock Up 7.6 %

Shares of OTCMKTS:FMCC opened at $5.08 on Thursday. The business has a fifty day simple moving average of $5.56 and a 200 day simple moving average of $3.28. Federal Home Loan Mortgage has a 12-month low of $0.94 and a 12-month high of $7.15. The firm has a market cap of $3.30 billion, a P/E ratio of -84.65 and a beta of 2.05.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings data 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 during the quarter.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered shares of Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and boosted 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.