Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Up 45.2% in November

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a significant growth in short interest in the month of 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 trading volume of 16,744,100 shares, the short-interest ratio is currently 0.7 days.

Federal Home Loan Mortgage Stock Performance

FMCC opened at $2.61 on Friday. Federal Home Loan Mortgage has a one year low of $0.62 and a one year high of $3.56. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -43.50 and a beta of 2.08. The business’s fifty day moving average is $2.07 and its two-hundred day moving average is $1.53.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its earnings results 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 business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.40 billion.

Analysts Set New Price Targets

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

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.