Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Drops By 7.6%

Federal National Mortgage Association (OTCMKTS:FNMA) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 2,638,900 shares, a decline of 7.6% from the August 15th total of 2,854,700 shares. Based on an average daily trading volume, of 3,097,600 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Wedbush upgraded Federal National Mortgage Association to a “strong sell” rating in a research report on Monday, June 17th.

Federal National Mortgage Association Stock Performance

OTCMKTS FNMA opened at $1.24 on Wednesday. Federal National Mortgage Association has a 1 year low of $0.54 and a 1 year high of $1.99. The stock’s 50-day moving average price is $1.26 and its two-hundred day moving average price is $1.41.

Federal National Mortgage Association (OTCMKTS:FNMA) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.64 by $0.12. Federal National Mortgage Association had a net margin of 11.80% and a negative return on equity of 29.08%. The business had revenue of $37.73 billion during the quarter, compared to the consensus estimate of $7.17 billion.

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.