Federal Home Loan Mortgage Co. (OTCMKTS:FMCC - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 12,584,900 shares, a drop of 18.5% from the February 13th total of 15,439,100 shares. Currently, 1.9% of the company's shares are sold short. Based on an average trading volume of 8,897,400 shares, the days-to-cover ratio is currently 1.4 days.
Federal Home Loan Mortgage Stock Up 5.4 %
FMCC traded up $0.28 during trading on Friday, hitting $5.44. 3,300,314 shares of the stock were exchanged, compared to its average volume of 6,586,875. The firm has a market capitalization of $3.54 billion, a P/E ratio of -90.65 and a beta of 2.05. Federal Home Loan Mortgage has a 1-year low of $0.94 and a 1-year high of $7.15. The stock has a fifty day moving average price of $5.57 and a two-hundred day moving average price of $3.34.
Federal Home Loan Mortgage (OTCMKTS:FMCC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.01 EPS for the quarter. The company had revenue of $6.33 billion for the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from a "market perform" rating to an "underperform" rating and increased their price target for the company from $4.00 to $4.50 in a research report on Monday, January 27th.
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About Federal Home Loan Mortgage
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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.
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