Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Update

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

Wall Street Analyst Weigh In

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

Federal Home Loan Mortgage Stock Down 6.6 %

OTCMKTS FMCC opened at $1.36 on Tuesday. Federal Home Loan Mortgage has a 52-week low of $0.40 and a 52-week high of $1.75. The company has a fifty day moving average of $1.25 and a 200-day moving average of $0.91.

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

Federal Home Loan Mortgage Company Profile

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.