Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Significant Increase in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 11,375,000 shares, an increase of 45.2% from the November 15th total of 7,832,100 shares. Based on an average daily trading volume, of 16,744,100 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

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

Federal Home Loan Mortgage Trading Down 3.1 %

Shares of FMCC stock opened at $2.53 on Friday. The stock has a market capitalization of $1.64 billion, a P/E ratio of -42.17 and a beta of 2.08. The firm’s 50 day moving average is $2.10 and its 200 day moving average is $1.54. Federal Home Loan Mortgage has a 12-month low of $0.62 and a 12-month high of $3.56.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm 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%.

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.