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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 12,584,900 shares, a drop of 18.5% from the February 13th total of 15,439,100 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 8,897,400 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

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

Federal Home Loan Mortgage Stock Performance

Shares of OTCMKTS FMCC opened at $4.84 on Tuesday. Federal Home Loan Mortgage has a fifty-two week low of $0.94 and a fifty-two week high of $7.15. The stock’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $3.24. The firm has a market capitalization of $3.15 billion, a PE ratio of -80.65 and a beta of 2.05.

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

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.