Federal National Mortgage Association (OTCMKTS:FNMA) Sees Significant Increase in Short Interest

Federal National Mortgage Association (OTCMKTS:FNMA) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 10,717,900 shares, an increase of 19.8% from the January 15th total of 8,949,000 shares. Based on an average daily volume of 40,542,500 shares, the days-to-cover ratio is currently 0.3 days.

Federal National Mortgage Association Stock Up 5.4 %

Shares of OTCMKTS FNMA opened at $7.09 on Monday. Federal National Mortgage Association has a twelve month low of $1.02 and a twelve month high of $7.80. The business has a fifty day simple moving average of $4.77 and a two-hundred day simple moving average of $2.75.

Analyst Ratings Changes

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

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.