Short Interest in Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Increases By 10.9%

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,545,000 shares, an increase of 10.9% from the March 31st total of 4,998,600 shares. Based on an average trading volume of 5,574,500 shares, the days-to-cover ratio is presently 1.0 days.

Federal Home Loan Mortgage Stock Performance

Shares of OTCMKTS:FMCC traded down $0.07 during midday trading on Tuesday, reaching $1.36. The company’s stock had a trading volume of 580,122 shares, compared to its average volume of 2,088,947. The business’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $0.97. Federal Home Loan Mortgage has a fifty-two week low of $0.40 and a fifty-two week high of $1.75.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $5.37 billion during the quarter. Federal Home Loan Mortgage had a net margin of 9.75% and a negative return on equity of 24.28%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded shares of Federal Home Loan Mortgage from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $1.25 to $2.50 in a research note on Monday, February 26th.

Federal Home Loan Mortgage Company Profile

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.