Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Grows By 61.9%

Federal National Mortgage Association (OTCMKTS:FNMA) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 4,262,800 shares, an increase of 61.9% from the October 31st total of 2,632,700 shares. Based on an average daily trading volume, of 64,898,900 shares, the days-to-cover ratio is currently 0.1 days.

Federal National Mortgage Association Stock Performance

OTCMKTS:FNMA opened at $3.16 on Friday. The firm has a 50-day moving average price of $1.83 and a two-hundred day moving average price of $1.52. Federal National Mortgage Association has a twelve month low of $0.70 and a twelve month high of $3.65.

Federal National Mortgage Association (OTCMKTS:FNMA) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%. The business had revenue of $38.14 billion during the quarter, compared to analysts’ expectations 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.