Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Rises By 19.8%

Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 10,717,900 shares, a growth of 19.8% from the January 15th total of 8,949,000 shares. Based on an average trading volume of 40,542,500 shares, the days-to-cover ratio is presently 0.3 days.

Federal National Mortgage Association Stock Up 6.1 %

OTCMKTS:FNMA traded up $0.44 during trading on Wednesday, reaching $7.70. The company's stock had a trading volume of 12,390,202 shares, compared to its average volume of 21,183,590. Federal National Mortgage Association has a 12 month low of $1.02 and a 12 month high of $7.80. The firm has a 50 day moving average of $5.04 and a 200-day moving average of $2.87.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut shares of Federal National Mortgage Association from a "market perform" rating to an "underperform" rating and upped their price objective for the stock from $3.00 to $4.00 in a research 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.