Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Increases By 20.5%

Federal National Mortgage Association (OTCMKTS:FNMA) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 13,182,600 shares, a growth of 20.5% from the February 13th total of 10,936,700 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 23,218,900 shares, the days-to-cover ratio is presently 0.6 days.

Federal National Mortgage Association Stock Performance

Shares of Federal National Mortgage Association stock traded down $0.17 during trading hours on Wednesday, reaching $5.65. The company’s stock had a trading volume of 10,339,547 shares, compared to its average volume of 17,557,090. The firm has a 50 day moving average price of $6.22 and a 200-day moving average price of $3.55. Federal National Mortgage Association has a one year low of $1.02 and a one year high of $8.00.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods downgraded Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and increased their target price for the company from $3.00 to $4.00 in a research report on Monday, January 27th.

Federal National Mortgage Association Company Profile

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.