Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Down 18.5% in February

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 12,584,900 shares, a decrease of 18.5% from the February 13th total of 15,439,100 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 8,897,400 shares, the days-to-cover ratio is presently 1.4 days.

Federal Home Loan Mortgage Price Performance

FMCC stock traded down $0.12 during mid-day trading on Wednesday, reaching $4.72. 2,502,897 shares of the company traded hands, compared to its average volume of 6,756,235. The company has a fifty day moving average price of $5.56 and a 200-day moving average price of $3.27. Federal Home Loan Mortgage has a 52-week low of $0.94 and a 52-week high of $7.15. The company has a market capitalization of $3.07 billion, a P/E ratio of -78.65 and a beta of 2.05.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its earnings results on Thursday, February 13th. The company reported $0.01 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 business had revenue of $6.33 billion for the quarter.

Analyst Upgrades and Downgrades

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

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.