Federal National Mortgage Association (OTCMKTS:FNMA – Get Rating) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,508,600 shares, a growth of 17.4% from the June 30th total of 3,841,100 shares. Based on an average daily volume of 6,702,400 shares, the days-to-cover ratio is currently 0.7 days.
Federal National Mortgage Association Price Performance
FNMA opened at $0.62 on Thursday. The stock’s 50 day moving average price is $0.58 and its 200-day moving average price is $0.72. Federal National Mortgage Association has a 52-week low of $0.40 and a 52-week high of $1.28.
Wall Street Analyst Weigh In
Separately, Odeon Capital Group lowered Federal National Mortgage Association from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th.
Federal National Mortgage Association Company Profile
Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company 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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