Federal National Mortgage Association (OTCMKTS:FNMA) Sees Large Growth in Short Interest

Federal National Mortgage Association (OTCMKTS:FNMA) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 19,340,000 shares, a growth of 46.7% from the February 28th total of 13,182,600 shares. Based on an average trading volume of 23,802,300 shares, the short-interest ratio is presently 0.8 days. Approximately 1.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods downgraded Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and lifted their target price for the company from $3.00 to $4.00 in a research report on Monday, January 27th.

Federal National Mortgage Association Stock Performance

Shares of FNMA traded down $0.37 during mid-day trading on Monday, reaching $6.34. The stock had a trading volume of 8,618,220 shares, compared to its average volume of 16,330,747. Federal National Mortgage Association has a 12 month low of $1.02 and a 12 month high of $8.00. The business has a fifty day moving average of $6.36 and a 200 day moving average of $3.90.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.