Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Large Decline in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 16,024,200 shares, a decrease of 8.1% from the January 15th total of 17,427,500 shares. Based on an average trading volume of 13,640,200 shares, the short-interest ratio is presently 1.2 days.

Federal Home Loan Mortgage Stock Performance

Shares of OTCMKTS:FMCC traded up $0.33 during trading hours on Monday, hitting $6.45. 5,512,436 shares of the company’s stock traded hands, compared to its average volume of 8,475,271. The company’s fifty day simple moving average is $4.47 and its two-hundred day simple moving average is $2.60. Federal Home Loan Mortgage has a 52 week low of $0.94 and a 52 week high of $7.15. The company has a market cap of $4.19 billion, a price-to-earnings ratio of -107.48 and a beta of 2.09.

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and lifted their price target for the company from $4.00 to $4.50 in a research report on Monday, January 27th.

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.