Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Declines By 7.6%

Federal National Mortgage Association (OTCMKTS:FNMA) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 2,638,900 shares, a decline of 7.6% from the August 15th total of 2,854,700 shares. Based on an average daily trading volume, of 3,097,600 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Wedbush upgraded shares of Federal National Mortgage Association to a “strong sell” rating in a research report on Monday, June 17th.

Federal National Mortgage Association Stock Performance

Federal National Mortgage Association stock opened at $1.28 on Thursday. The firm’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.41. Federal National Mortgage Association has a fifty-two week low of $0.54 and a fifty-two week high of $1.99.

Federal National Mortgage Association (OTCMKTS:FNMA) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. Federal National Mortgage Association had a net margin of 11.80% and a negative return on equity of 29.08%. The firm had revenue of $37.73 billion during the quarter, compared to analyst estimates of $7.17 billion.

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.