Federal National Mortgage Association (OTCMKTS:FNMA) Sees Significant Increase in Short Interest

Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 13,182,600 shares, an increase of 20.5% from the February 13th total of 10,936,700 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 23,218,900 shares, the days-to-cover ratio is currently 0.6 days.

Federal National Mortgage Association Stock Up 2.1 %

Shares of OTCMKTS:FNMA traded up $0.13 on Friday, hitting $6.39. The company had a trading volume of 8,510,618 shares, compared to its average volume of 17,014,563. Federal National Mortgage Association has a 52-week low of $1.02 and a 52-week high of $8.00. The business has a 50 day moving average of $6.29 and a 200 day moving average of $3.64.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut Federal National Mortgage Association from a "market perform" rating to an "underperform" rating and lifted 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.