Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report) 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 – Get Free Report) 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
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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.
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