Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Significant Increase in Short Interest

Posted by Trevor Kearing on Jan 19th, 2025

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Free Report) was the recipient of a significant 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 trading volume of 8,524,300 shares, the days-to-cover ratio is presently 2.2 days.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on Federal Home Loan Mortgage

Federal Home Loan Mortgage Stock Performance

FMCC traded up $1.27 during trading hours on Friday, reaching $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’s 50-day moving average is $3.34 and its 200-day moving average is $1.97. Federal Home Loan Mortgage has a 52 week low of $0.86 and a 52 week high of $7.15. The firm has a market cap of $3.97 billion, a PE ratio of -101.65 and a beta of 2.05.

Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.40 billion. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%.

Federal Home Loan Mortgage Company Profile

(Get Free Report)

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.