Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Expands By 20.5%

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

Analysts Set New Price Targets

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

Federal National Mortgage Association Price Performance

FNMA stock traded down $0.17 during mid-day trading on Wednesday, reaching $5.65. The company had a trading volume of 10,339,547 shares, compared to its average volume of 17,557,090. The firm has a 50 day moving average of $6.22 and a 200 day moving average of $3.55. Federal National Mortgage Association has a 12 month low of $1.02 and a 12 month high of $8.00.

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.