Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Large Drop in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 7,895,900 shares, a decrease of 37.3% from the February 28th total of 12,584,900 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 8,634,700 shares, the short-interest ratio is presently 0.9 days.

Federal Home Loan Mortgage Stock Down 5.0 %

Shares of FMCC traded down $0.30 during midday trading on Friday, reaching $5.73. The company had a trading volume of 1,916,198 shares, compared to its average volume of 6,346,338. Federal Home Loan Mortgage has a 1-year low of $0.94 and a 1-year high of $7.15. The firm has a 50 day simple moving average of $5.61 and a 200-day simple moving average of $3.49. The stock has a market cap of $3.72 billion, a PE ratio of -95.48 and a beta of 2.05.

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and upped their price target for the company from $4.00 to $4.50 in a research report 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.