Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Sees Large Drop in Short Interest

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 4,245,500 shares, a drop of 46.2% from the March 15th total of 7,895,900 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 7,248,600 shares, the days-to-cover ratio is presently 0.6 days.

Federal Home Loan Mortgage Trading Up 4.2 %

Shares of OTCMKTS FMCC opened at $5.44 on Wednesday. The business has a fifty day simple moving average of $5.47 and a 200 day simple moving average of $3.87. Federal Home Loan Mortgage has a one year low of $0.94 and a one year high of $7.15. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -90.65 and a beta of 1.83.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $6.33 billion during the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and raised their price objective for the stock from $4.00 to $4.50 in a research note on Monday, January 27th.

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.