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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 11,375,000 shares, an increase 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 Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered 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 note on Wednesday, November 20th.

Federal Home Loan Mortgage Stock Performance

Shares of OTCMKTS:FMCC opened at $2.53 on Friday. The firm has a fifty day moving average of $2.10 and a 200 day moving average of $1.54. Federal Home Loan Mortgage has a 52-week low of $0.62 and a 52-week high of $3.56. The firm has a market capitalization of $1.64 billion, a PE ratio of -42.17 and a beta of 2.08.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share 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 for the quarter, compared to analysts’ expectations 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.