Short Interest in Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Expands By 39.7%

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

Federal Home Loan Mortgage Trading Up 34.3 %

OTCMKTS FMCC traded up $0.77 on Monday, reaching $3.33. 9,193,052 shares of the company were exchanged, compared to its average volume of 2,941,132. Federal Home Loan Mortgage has a fifty-two week low of $0.77 and a fifty-two week high of $3.56. The stock has a market capitalization of $2.16 billion, a P/E ratio of -55.49 and a beta of 2.08. The business’s fifty day moving average price is $2.38 and its 200 day moving average price is $1.62.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share 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 net margin of 9.74% and a negative return on equity of 33.18%.

Analysts Set New Price Targets

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

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.