Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Rises By 21.8%

Federal National Mortgage Association (OTCMKTS:FNMA) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 3,727,400 shares, a growth of 21.8% from the June 30th total of 3,059,800 shares. Based on an average trading volume of 5,640,100 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Wedbush raised Federal National Mortgage Association to a “strong sell” rating in a research note on Monday, June 17th.

Federal National Mortgage Association Stock Performance

OTCMKTS FNMA traded down $0.02 on Tuesday, reaching $1.30. 1,507,116 shares of the company were exchanged, compared to its average volume of 3,843,862. The business’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.43. Federal National Mortgage Association has a fifty-two week low of $0.44 and a fifty-two week high of $1.99.

Federal National Mortgage Association (OTCMKTS:FNMA) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter. The company had revenue of $37.37 billion for the quarter. Federal National Mortgage Association had a negative return on equity of 27.90% and a net margin of 12.43%.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.