Federal Home Loan Mortgage Co. (OTCMKTS:FMCC - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 4,245,500 shares, a decrease of 46.2% from the March 15th total of 7,895,900 shares. Based on an average daily volume of 7,248,600 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company's shares are sold short.
Federal Home Loan Mortgage Trading Up 1.2 %
OTCMKTS:FMCC traded up $0.06 during trading hours on Monday, hitting $5.18. The stock had a trading volume of 896,647 shares, compared to its average volume of 5,796,733. The business has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $3.97. Federal Home Loan Mortgage has a 1-year low of $0.94 and a 1-year high of $7.15. The company has a market cap of $3.37 billion, a PE ratio of -86.32 and a beta of 1.83.
Federal Home Loan Mortgage (OTCMKTS:FMCC - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $6.33 billion during the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lowered shares of Federal Home Loan Mortgage from a "market perform" rating to an "underperform" rating and lifted their target price for the company from $4.00 to $4.50 in a report on Monday, January 27th.
Read Our Latest Analysis on Federal Home Loan Mortgage
About Federal Home Loan Mortgage
(
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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.
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