Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Up 15.6% in December

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a significant growth in short interest during the month of 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 trading volume of 8,524,300 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $2.50 to $4.00 in a research report on Wednesday, November 20th.

Federal Home Loan Mortgage Price Performance

Shares of Federal Home Loan Mortgage stock traded up $1.27 during trading hours on Friday, hitting $6.10. The company’s stock had a trading volume of 13,351,167 shares, compared to its average volume of 14,783,388. The company has a market capitalization of $3.97 billion, a PE ratio of -101.65 and a beta of 2.05. The stock has a 50 day moving average of $3.34 and a 200 day moving average of $1.97. Federal Home Loan Mortgage has a 12 month low of $0.86 and a 12 month high of $7.15.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last released its earnings results on Wednesday, October 30th. The company reported ($0.02) 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 $5.84 billion for the quarter, compared to the consensus estimate of $5.40 billion.

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.