Federal National Mortgage Association (OTCMKTS:FNMA) Short Interest Up 20.5% in February

Federal National Mortgage Association (OTCMKTS:FNMA) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 23,218,900 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Federal National Mortgage Association Stock Down 4.7 %

Shares of Federal National Mortgage Association stock opened at $5.82 on Tuesday. The stock’s fifty day simple moving average is $6.20 and its 200 day simple moving average is $3.52. Federal National Mortgage Association has a 12 month low of $1.02 and a 12 month high of $8.00.

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.