Federal National Mortgage Association (OTCMKTS:FNMA) Short Interest Up 20.5% in February

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

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 upped their price objective for the stock from $3.00 to $4.00 in a research report on Monday, January 27th.

Federal National Mortgage Association Stock Up 2.1 %

FNMA stock traded up $0.13 during trading on Friday, hitting $6.39. 8,510,618 shares of the company's stock traded hands, 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 stock has a fifty day moving average price of $6.29 and a two-hundred day moving average price of $3.65.

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.