Short Interest in Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Increases By 12.0%

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 7,832,100 shares, an increase of 12.0% from the October 31st total of 6,990,500 shares. Based on an average daily volume of 31,227,000 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

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

Federal Home Loan Mortgage Stock Down 18.7 %

FMCC traded down $0.58 on Tuesday, reaching $2.52. The company had a trading volume of 11,152,170 shares, compared to its average volume of 2,785,109. The stock has a market capitalization of $1.64 billion, a PE ratio of -42.00 and a beta of 1.69. Federal Home Loan Mortgage has a 1 year low of $0.62 and a 1 year high of $3.56. The stock has a 50-day moving average price of $1.84 and a 200-day moving average price of $1.46.

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

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.