Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) Short Interest Up 12.0% in November

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 7,832,100 shares, an increase of 12.0% from the October 31st total of 6,990,500 shares. Based on an average trading volume of 31,227,000 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods cut Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $2.50 to $4.00 in a research report on Wednesday, November 20th.

Federal Home Loan Mortgage Trading Down 18.7 %

Federal Home Loan Mortgage stock traded down $0.58 during midday trading on Monday, hitting $2.52. The stock had a trading volume of 11,152,170 shares, compared to its average volume of 2,785,109. The stock has a market cap of $1.64 billion, a P/E ratio of -51.67 and a beta of 1.69. Federal Home Loan Mortgage has a 12 month low of $0.62 and a 12 month high of $3.56. The business has a fifty day moving average price of $1.81 and a 200 day moving average price of $1.46.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.40 billion. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

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.