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

Posted by Stephan Jacobs on Dec 30th, 2024

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 15,887,300 shares, an increase of 39.7% from the November 30th total of 11,375,000 shares. Based on an average daily volume of 13,326,600 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods downgraded Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $2.50 to $4.00 in a research note on Wednesday, November 20th.

Get Our Latest Stock Analysis on FMCC

Federal Home Loan Mortgage Stock Performance

Shares of FMCC traded up $0.77 during mid-day trading on Monday, hitting $3.33. 9,193,052 shares of the company were exchanged, compared to its average volume of 2,941,132. Federal Home Loan Mortgage has a 1-year low of $0.77 and a 1-year high of $3.56. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -55.49 and a beta of 2.08. The company has a 50 day moving average of $2.38 and a 200-day moving average of $1.62.

Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion.

About Federal Home Loan Mortgage

(Get Free Report)

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.