Federal National Mortgage Association (OTCMKTS:FNMA) Short Interest Update

Federal National Mortgage Association (OTCMKTS:FNMA) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 3,187,800 shares, a drop of 14.5% from the July 15th total of 3,727,400 shares. Based on an average daily trading volume, of 4,858,800 shares, the short-interest ratio is currently 0.7 days.

Federal National Mortgage Association Stock Up 2.1 %

Shares of OTCMKTS FNMA traded up $0.03 during mid-day trading on Monday, hitting $1.23. The company’s stock had a trading volume of 2,040,600 shares, compared to its average volume of 3,783,440. The company’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.42. Federal National Mortgage Association has a one year low of $0.53 and a one year high of $1.99.

Federal National Mortgage Association (OTCMKTS:FNMA) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.12. Federal National Mortgage Association had a net margin of 11.80% and a negative return on equity of 29.08%. The business had revenue of $37.73 billion for the quarter, compared to analyst estimates of $7.17 billion.

Analyst Upgrades and Downgrades

Separately, Wedbush upgraded Federal National Mortgage Association to a “strong sell” rating in a research report on Monday, June 17th.

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.