Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Grows By 13.7%

Federal National Mortgage Association (OTCMKTS:FNMA) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,632,700 shares, an increase of 13.7% from the October 15th total of 2,314,700 shares. Based on an average daily trading volume, of 12,794,400 shares, the short-interest ratio is presently 0.2 days.

Federal National Mortgage Association Price Performance

Shares of OTCMKTS:FNMA traded up $0.13 during trading on Monday, reaching $3.19. 22,619,799 shares of the stock were exchanged, compared to its average volume of 5,155,667. The stock has a fifty day moving average of $1.50 and a two-hundred day moving average of $1.42. Federal National Mortgage Association has a 1-year low of $0.69 and a 1-year high of $3.26.

Federal National Mortgage Association (OTCMKTS:FNMA) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $38.14 billion for the quarter, compared to analysts’ expectations of $7.17 billion. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%.

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.