Federal National Mortgage Association (OTCMKTS:FNMA) Short Interest Update

Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 19,340,000 shares, an increase of 46.7% from the February 28th total of 13,182,600 shares. Based on an average daily volume of 23,802,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.7% of the shares of the company are short sold.

Federal National Mortgage Association Trading Down 0.5 %

Federal National Mortgage Association stock traded down $0.03 during mid-day trading on Thursday, hitting $6.57. 3,013,251 shares of the company traded hands, compared to its average volume of 15,956,461. Federal National Mortgage Association has a one year low of $1.02 and a one year high of $8.00. The stock has a fifty day moving average price of $6.34 and a 200-day moving average price of $3.95.

Wall Street Analysts Forecast Growth

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

About Federal National Mortgage Association

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.