Short Interest Reporting: What’s Ahead for FEDERAL NATIONAL MORTGAGE ASSOCI (OTCMKTS:FNMA) After More Shorted Shares?

November 23, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Reporting: What’s Ahead for FEDERAL NATIONAL MORTGAGE ASSOCI (OTCMKTS:FNMA) After More Shorted Shares?

The stock of FEDERAL NATIONAL MORTGAGE ASSOCI (OTCMKTS:FNMA) registered an increase of 0.79% in short interest. FNMA’s total short interest was 35.87M shares in November as published by FINRA. Its up 0.79% from 35.59M shares, reported previously. With 3.01 million shares average volume, it will take short sellers 12 days to cover their FNMA’s short positions. About 5.82 million shares traded hands. Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) has risen 77.46% since April 21, 2016 and is uptrending. It has outperformed by 72.13% the S&P500.

Federal National Mortgage Association is a government-sponsored enterprise chartered by the Congress. The company has a market cap of $3.64 billion. The Firm supports liquidity and stability in the secondary mortgage market where mortgage related assets are purchased and sold. It has a 166.67 P/E ratio. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage backed securities (Fannie Mae MBS) and purchasing mortgage loans and mortgage-related securities, primarily for securitization and sale later.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.33, from 1.33 in 2016Q1. The ratio turned negative, as 2 funds sold all Federal National Mortgage Assctn Fnni Me shares owned while 1 reduced positions. 3 funds bought stakes while 1 increased positions. They now own 3.02 million shares or 3.18% more from 2.93 million shares in 2016Q1.
North Star Asset holds 0% or 18,000 shares in its portfolio. Gilder Gagnon Howe Company Ltd Company, a New York-based fund reported 30,028 shares. Botty Investors Ltd, a Illinois-based fund reported 20,000 shares. Vnbtrust Association accumulated 0.32% or 269,775 shares. Mycio Wealth Prtnrs Ltd reported 350 shares or 0% of all its holdings. Winch Advisory Svcs Lc last reported 0% of its portfolio in the stock. Messner Smith Theme Value Investment Mgmt Ca accumulated 34,900 shares or 0.13% of the stock. Apriem Advisors last reported 1,500 shares in the company. Lodestar Inv Counsel Limited Com Il owns 15,000 shares or 0% of their US portfolio. William Harris Investors accumulated 653,403 shares or 0.33% of the stock. The New York-based Geduld E E has invested 0.32% in Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA). Rhumbline Advisers has 0% invested in the company for 63,500 shares. Glenmede Trust Na holds 0% or 350 shares in its portfolio. Pnc Fin Service Group Incorporated has 0% invested in the company for 1,000 shares. Highlander Cap Mgmt Llc holds 0% or 581 shares in its portfolio.

FNMA Company Profile

Federal National Mortgage Association (Fannie Mae) is a government-sponsored enterprise (GSE) chartered by the Congress. The Firm supports liquidity and stability in the secondary mortgage market where mortgage related assets are purchased and sold. The Company’s activities include providing mortgage credit and indirectly enabling families to buy, refinance or rent homes. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage backed securities (Fannie Mae MBS) and purchasing mortgage loans and mortgage-related securities, primarily for securitization and sale later. Fannie Mae operates in three business divisions: Single-Family Credit Guaranty, Multifamily and Capital Markets. The Company’s Single-Family Credit Guaranty and Multifamily businesses work with its lender clients to purchase and securitize mortgage loans clients deliver to the Company into Fannie Mae MBS. The Firm obtains funds to support its business activities by issuing a range of debt securities in the domestic and international capital markets. Fannie Mae conducts its business in the United States residential mortgage market and the global securities market.

Another recent and important Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) news was published by Livetradingnews.com which published an article titled: “Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) Headed Lower” on August 10, 2016.

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.

By Clifton Ray

Tags: , ,


Readers Comments (0)





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:


Recent Market News

>