Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Significant Increase in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 18,368,900 shares, an increase of 15.6% from the December 15th total of 15,887,300 shares. Based on an average daily trading volume, of 8,524,300 shares, the short-interest ratio is currently 2.2 days.

Federal Home Loan Mortgage Price Performance

Shares of FMCC traded up $1.27 during trading hours on Friday, hitting $6.10. The stock had a trading volume of 13,351,167 shares, compared to its average volume of 14,783,388. Federal Home Loan Mortgage has a 52 week low of $0.86 and a 52 week high of $7.15. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -101.65 and a beta of 2.05. The company’s fifty day moving average is $3.34 and its two-hundred day moving average is $1.97.

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

Analyst Upgrades and Downgrades

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 stock from $2.50 to $4.00 in a research note on Wednesday, November 20th.

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.