Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Expands By 20.5%

Federal National Mortgage Association (OTCMKTS:FNMA) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,182,600 shares, a growth of 20.5% from the February 13th total of 10,936,700 shares. Based on an average trading volume of 23,218,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are short sold.

Federal National Mortgage Association Stock Performance

Shares of FNMA stock opened at $6.02 on Thursday. The company has a 50 day moving average of $6.24 and a 200-day moving average of $3.56. Federal National Mortgage Association has a 12-month low of $1.02 and a 12-month high of $8.00.

Analysts Set New Price Targets

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

Federal National Mortgage Association Company Profile

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.