Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Update

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 11,375,000 shares, a growth of 45.2% from the November 15th total of 7,832,100 shares. Based on an average daily volume of 16,744,100 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $2.50 to $4.00 in a research report on Wednesday, November 20th.

Federal Home Loan Mortgage Trading Down 3.1 %

Shares of Federal Home Loan Mortgage stock opened at $2.53 on Friday. The firm has a market capitalization of $1.64 billion, a P/E ratio of -42.17 and a beta of 2.08. The business’s fifty day simple moving average is $2.10 and its 200 day simple moving average is $1.54. Federal Home Loan Mortgage has a 12 month low of $0.62 and a 12 month high of $3.56.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.40 billion.

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.