Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Down 8.1% in January

Federal Home Loan Mortgage Co. (OTCMKTS:FMCCGet Free Report) saw a large decrease in short interest during 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 daily trading volume, of 13,640,200 shares, the days-to-cover ratio is presently 1.2 days.

Federal Home Loan Mortgage Stock Performance

Shares of Federal Home Loan Mortgage stock traded up $0.06 on Tuesday, reaching $6.51. 5,116,517 shares of the stock were exchanged, compared to its average volume of 8,366,923. The firm’s 50 day moving average is $4.54 and its 200-day moving average is $2.63. The firm has a market cap of $4.23 billion, a PE ratio of -108.48 and a beta of 2.09. Federal Home Loan Mortgage has a one year low of $0.94 and a one year high of $7.15.

Federal Home Loan Mortgage (OTCMKTS:FMCCGet Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.01 earnings per share for the quarter. The business 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%.

Wall Street Analysts Forecast Growth

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 stock from $4.00 to $4.50 in a research note on Monday, January 27th.

Read Our Latest Report on FMCC

Federal Home Loan Mortgage Company Profile

(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.

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