Federal National Mortgage Association (OTCMKTS:FNMA) Sees Significant Growth in Short Interest

Federal National Mortgage Association (OTCMKTS:FNMA) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,182,600 shares, an increase of 20.5% from the February 13th total of 10,936,700 shares. Based on an average daily volume of 23,218,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the company’s shares are short sold.

Federal National Mortgage Association Stock Down 4.7 %

Shares of OTCMKTS:FNMA opened at $5.82 on Tuesday. Federal National Mortgage Association has a 1 year low of $1.02 and a 1 year high of $8.00. The stock’s fifty day moving average price is $6.20 and its 200-day moving average price is $3.52.

Wall Street Analysts Forecast Growth

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

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.