Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Down 37.3% in March

Federal Home Loan Mortgage Co. (OTCMKTS:FMCCGet Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 7,895,900 shares, a drop of 37.3% from the February 28th total of 12,584,900 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 8,634,700 shares, the days-to-cover ratio is presently 0.9 days.

Federal Home Loan Mortgage Stock Performance

Shares of OTCMKTS:FMCC traded down $0.32 on Monday, hitting $5.42. The stock had a trading volume of 3,348,024 shares, compared to its average volume of 6,287,735. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -90.32 and a beta of 2.05. The firm’s 50 day moving average price is $5.61 and its 200-day moving average price is $3.52. Federal Home Loan Mortgage has a twelve month low of $0.94 and a twelve month high of $7.15.

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

Analyst Upgrades and Downgrades

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

View Our Latest Report on FMCC

About Federal Home Loan Mortgage

(Get Free Report)

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.

See Also

Receive News & Ratings for Federal Home Loan Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Home Loan Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.