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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 18,368,900 shares, a growth of 15.6% from the December 15th total of 15,887,300 shares. Based on an average daily volume of 8,524,300 shares, the short-interest ratio is currently 2.2 days.

Federal Home Loan Mortgage Stock Performance

FMCC traded up $1.27 during trading on Friday, reaching $6.10. 13,351,167 shares of the stock were exchanged, compared to its average volume of 14,783,388. The stock has a market cap of $3.97 billion, a P/E ratio of -101.65 and a beta of 2.05. The stock’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $1.97. Federal Home Loan Mortgage has a twelve month low of $0.86 and a twelve month high of $7.15.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.40 billion.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered shares of Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $2.50 to $4.00 in a research note on Wednesday, November 20th.

Federal Home Loan Mortgage Company Profile

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.