Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Down 7.1% in March

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,998,600 shares, a decrease of 7.1% from the March 15th total of 5,381,900 shares. Based on an average daily trading volume, of 8,270,500 shares, the days-to-cover ratio is currently 0.6 days.

Federal Home Loan Mortgage Trading Down 2.3 %

Shares of OTCMKTS:FMCC opened at $1.30 on Thursday. Federal Home Loan Mortgage has a 1 year low of $0.40 and a 1 year high of $1.75. The business’s 50 day moving average price is $1.26 and its 200-day moving average price is $0.92.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.05) earnings per share for the quarter. The firm had revenue of $5.37 billion during the quarter. Federal Home Loan Mortgage had a net margin of 9.75% and a negative return on equity of 24.28%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Federal Home Loan Mortgage from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $1.25 to $2.50 in a research report on Monday, February 26th.

About Federal Home Loan Mortgage

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.