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

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut shares of Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and increased their price objective for the stock from $4.00 to $4.50 in a research report on Monday, January 27th.

Federal Home Loan Mortgage Stock Performance

Shares of OTCMKTS FMCC opened at $6.51 on Wednesday. Federal Home Loan Mortgage has a fifty-two week low of $0.94 and a fifty-two week high of $7.15. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -108.48 and a beta of 2.09. The firm’s 50-day simple moving average is $4.54 and its 200 day simple moving average is $2.63.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced 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 net margin of 9.74% and a negative return on equity of 33.18%. The business had revenue of $6.33 billion for the quarter.

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.