Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Up 12.0% in November

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,832,100 shares, a growth of 12.0% from the October 31st total of 6,990,500 shares. Based on an average daily volume of 31,227,000 shares, the days-to-cover ratio is currently 0.3 days.

Federal Home Loan Mortgage Price Performance

FMCC stock traded down $0.58 during midday trading on Tuesday, reaching $2.52. 11,152,170 shares of the company’s stock traded hands, compared to its average volume of 2,785,109. Federal Home Loan Mortgage has a fifty-two week low of $0.62 and a fifty-two week high of $3.56. The business has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $1.46. The company has a market capitalization of $1.64 billion, a P/E ratio of -42.00 and a beta of 1.69.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $2.50 to $4.00 in a report on Wednesday, November 20th.

About Federal Home Loan Mortgage

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.