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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 15,887,300 shares, an increase of 39.7% from the November 30th total of 11,375,000 shares. Based on an average trading volume of 13,326,600 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research note on Wednesday, November 20th.

Federal Home Loan Mortgage Stock Performance

OTCMKTS:FMCC traded up $0.77 during mid-day trading on Monday, hitting $3.33. The stock had a trading volume of 9,193,052 shares, compared to its average volume of 2,941,132. The company’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $1.63. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -55.49 and a beta of 2.08. Federal Home Loan Mortgage has a twelve month low of $0.77 and a twelve month high of $3.56.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share (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 firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.40 billion.

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.