What Next for FEDERAL NATIONAL MORTGAGE ASSOCIATION (OTCMKTS:FNMA) Stock After Decrease in Shorted Shares?

April 17, 2018 - By Duane Lopez

Federal National Mortgage Association (OTCMKTS:FNMA) Logo

Investors sentiment decreased to 0.43 in Q4 2017. Its down 0.40, from 0.83 in 2017Q3. It worsened, as 5 investors sold Federal National Mortgage Association shares while 2 reduced holdings. 2 funds opened positions while 1 raised stakes. 1.39 million shares or 4.77% less from 1.46 million shares in 2017Q3 were reported.
Vnbtrust Association, Virginia-based fund reported 257,140 shares. Eubel Brady & Suttman Asset Management invested in 22,200 shares or 0.02% of the stock. Van Hulzen Asset Management Llc reported 0.05% stake. Bartlett & Ltd Liability Company accumulated 200 shares. 442 are owned by Winch Advisory Services Limited Liability. 63,500 are held by Rhumbline Advisers. Moreover, Lodestar Invest Counsel Limited Com Il has 0.01% invested in Federal National Mortgage Association (OTCMKTS:FNMA) for 30,000 shares. Parkwood Limited Liability reported 735,000 shares stake. Capwealth Lc has 102,750 shares.

The stock of FEDERAL NATIONAL MORTGAGE ASSOCIATION (OTCMKTS:FNMA) registered a decrease of 23.5% in short interest. FNMA’s total short interest was 22.83 million shares in April as published by FINRA. Its down 23.5% from 29.84 million shares, reported previously. With 8.14M shares average volume, it will take short sellers 3 days to cover their FNMA’s short positions. The short interest to FEDERAL NATIONAL MORTGAGE ASSOCIATION’s float is 1.97%.

The stock increased 0.33% or $0.005 during the last trading session, reaching $1.535. About 1.38M shares traded. Federal National Mortgage Association (OTCMKTS:FNMA) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Federal National Mortgage Association provides liquidity and stability support services for the mortgage market in the United States. The company has market cap of $8.81 billion. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities . It currently has negative earnings. The firm operates through two divisions, Single-Family and Multifamily.

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