Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Update

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) 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. Based on an average daily volume of 8,634,700 shares, the short-interest ratio is currently 0.9 days. Currently, 1.2% of the company’s shares are short sold.

Federal Home Loan Mortgage Price Performance

Shares of FMCC traded down $0.30 during mid-day trading on Friday, reaching $5.73. 1,916,198 shares of the company’s stock were exchanged, compared to its average volume of 6,346,338. Federal Home Loan Mortgage has a 52-week low of $0.94 and a 52-week high of $7.15. The stock has a market capitalization of $3.72 billion, a PE ratio of -95.48 and a beta of 2.05. The business’s fifty day simple moving average is $5.61 and its 200-day simple moving average is $3.51.

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

Wall Street Analyst Weigh In

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

About Federal Home Loan Mortgage

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.