Freddie Mac (OTCMKTS:FMCC) Sees Significant Drop in Short Interest

Freddie Mac (OTCMKTS:FMCC - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 2,583,100 shares, a decrease of 44.9% from the May 15th total of 4,689,800 shares. Based on an average daily volume of 14,772,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Freddie Mac Stock Up 1.2%

OTCMKTS:FMCC traded up $0.10 on Wednesday, reaching $8.11. The stock had a trading volume of 2,227,879 shares, compared to its average volume of 4,994,034. The company has a market capitalization of $5.27 billion, a P/E ratio of -405.50 and a beta of 2.02. Freddie Mac has a 1-year low of $0.94 and a 1-year high of $8.90. The stock has a fifty day moving average price of $6.19 and a 200-day moving average price of $5.25.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.01) EPS for the quarter. Freddie Mac had a negative return on equity of 41.19% and a net margin of 9.53%. The business had revenue of $5.85 billion during the quarter.

Freddie Mac Company Profile

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.