Federal National Mortgage Association (OTCMKTS:FNMA) Short Interest Up 6.2% in March

Federal National Mortgage Association (OTCMKTS:FNMA) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,148,600 shares, an increase of 6.2% from the February 29th total of 4,849,600 shares. Based on an average daily volume of 9,901,800 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised shares of Federal National Mortgage Association from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $1.25 to $2.00 in a research note on Monday, February 26th.

Federal National Mortgage Association Trading Up 7.0 %

Shares of FNMA stock opened at $1.68 on Tuesday. The firm has a 50-day moving average of $1.42 and a 200-day moving average of $1.00. Federal National Mortgage Association has a one year low of $0.40 and a one year high of $1.99.

Federal National Mortgage Association Company Profile

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.