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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 16,024,200 shares, a decline of 8.1% from the January 15th total of 17,427,500 shares. Based on an average daily trading volume, of 13,640,200 shares, the days-to-cover ratio is presently 1.2 days.

Federal Home Loan Mortgage Price Performance

Shares of FMCC traded up $0.06 during trading hours on Tuesday, hitting $6.51. 5,116,517 shares of the stock were exchanged, compared to its average volume of 8,366,923. Federal Home Loan Mortgage has a fifty-two week low of $0.94 and a fifty-two week high of $7.15. The business has a 50-day moving average of $4.54 and a 200-day moving average of $2.63. The firm has a market capitalization of $4.23 billion, a P/E ratio of -108.48 and a beta of 2.09.

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

Analyst Upgrades and Downgrades

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