Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Update

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 15,887,300 shares, an increase of 39.7% from the November 30th total of 11,375,000 shares. Based on an average trading volume of 13,326,600 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded shares of 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.

Federal Home Loan Mortgage Price Performance

Federal Home Loan Mortgage stock traded up $0.77 during mid-day trading on Monday, reaching $3.33. 9,193,052 shares of the company traded hands, compared to its average volume of 2,941,132. The firm’s fifty day moving average is $2.38 and its two-hundred day moving average is $1.62. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -55.49 and a beta of 2.08. Federal Home Loan Mortgage has a fifty-two week low of $0.77 and a fifty-two week high of $3.56.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its earnings results on Wednesday, October 30th. The company reported ($0.02) 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 $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion.

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.