Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Update

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 16,024,200 shares, a decline of 8.1% from the January 15th total of 17,427,500 shares. Based on an average daily trading volume, of 13,640,200 shares, the days-to-cover ratio is presently 1.2 days.

Federal Home Loan Mortgage Stock Up 0.9 %

OTCMKTS FMCC opened at $6.51 on Wednesday. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of -108.48 and a beta of 2.09. Federal Home Loan Mortgage has a twelve month low of $0.94 and a twelve month high of $7.15. The stock has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $2.63.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.01 earnings per share for the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%. The firm had revenue of $6.33 billion during the quarter.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and boosted their price target for the company from $4.00 to $4.50 in a research note 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.