Federal National Mortgage Association (OTCMKTS:FNMA) Short Interest Update

Federal National Mortgage Association (OTCMKTS:FNMA) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 19,340,000 shares, a growth of 46.7% from the February 28th total of 13,182,600 shares. Based on an average trading volume of 23,802,300 shares, the short-interest ratio is presently 0.8 days. Currently, 1.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Federal National Mortgage Association Price Performance

Shares of OTCMKTS:FNMA traded down $0.37 during midday trading on Tuesday, reaching $6.34. The company had a trading volume of 8,618,220 shares, compared to its average volume of 16,330,747. The business’s 50 day moving average price is $6.36 and its 200 day moving average price is $3.90. Federal National Mortgage Association has a 1-year low of $1.02 and a 1-year high of $8.00.

About Federal National Mortgage Association

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.