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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: