Short Interest in Federal National Mortgage Association (OTCMKTS:FNMA) Expands By 19.8%

Federal National Mortgage Association (OTCMKTS:FNMA) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 10,717,900 shares, an increase of 19.8% from the January 15th total of 8,949,000 shares. Based on an average daily volume of 40,542,500 shares, the short-interest ratio is presently 0.3 days.

Federal National Mortgage Association Price Performance

FNMA opened at $7.09 on Friday. Federal National Mortgage Association has a fifty-two week low of $1.02 and a fifty-two week high of $7.80. The company’s 50-day moving average is $4.77 and its 200 day moving average is $2.73.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut shares of Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and increased their price objective for the stock from $3.00 to $4.00 in a research report on Monday, January 27th.

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.