Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,545,000 shares, an increase of 10.9% from the March 31st total of 4,998,600 shares. Based on an average trading volume of 5,574,500 shares, the short-interest ratio is presently 1.0 days.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods raised Federal Home Loan Mortgage from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $1.25 to $2.50 in a report on Monday, February 26th.
Get Our Latest Stock Report on Federal Home Loan Mortgage
Federal Home Loan Mortgage Trading Down 4.9 %
Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $5.37 billion during the quarter. Federal Home Loan Mortgage had a negative return on equity of 24.28% and a net margin of 9.75%.
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.
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