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

Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) saw 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. Based on an average daily trading volume, of 23,218,900 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Federal National Mortgage Association Stock Up 6.5 %

FNMA stock traded up $0.37 during mid-day trading on Wednesday, reaching $6.02. 8,071,667 shares of the stock traded hands, compared to its average volume of 17,374,676. 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 $6.24 and a two-hundred day moving average of $3.56.

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.