Federal National Mortgage Association (OTCMKTS:FNMA) Sees Large Increase in Short Interest

Federal National Mortgage Association (OTCMKTS:FNMA) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 19,340,000 shares, an increase of 46.7% from the February 28th total of 13,182,600 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 23,802,300 shares, the short-interest ratio is currently 0.8 days.

Federal National Mortgage Association Stock Down 5.4 %

OTCMKTS:FNMA traded down $0.37 during trading hours on Tuesday, hitting $6.34. The stock had a trading volume of 8,618,220 shares, compared to its average volume of 16,330,747. The business’s 50 day moving average is $6.36 and its 200-day moving average is $3.90. Federal National Mortgage Association has a one year low of $1.02 and a one year high of $8.00.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded shares of Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and upped their price target for the stock 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.