The stock of FEDERAL NATIONAL MORTGAGE ASSOCI (OTCMKTS:FNMA) registered a decrease of 2.34% in short interest. FNMA’s total short interest was 32.99M shares in September as published by FINRA. Its down 2.34% from 33.78M shares, reported previously. With 4.29 million shares average volume, it will take short sellers 8 days to cover their FNMA’s short positions. About 4.41 million shares traded hands or 69.62% up from the average. Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) has risen 21.28% since February 8, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
Federal National Mortgage Association is a government-sponsored enterprise chartered by the Congress. The company has a market cap of $1.89 billion. The Firm supports liquidity and stability in the secondary mortgage market where mortgage related assets are purchased and sold. It currently has negative earnings. 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.
The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.08, from 1.25 in 2016Q1. The ratio is positive, 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.
William Harris Investors Inc holds 0.33% of its portfolio in Federal National Mortgage Assctn Fnni Me for 653,403 shares. Geduld E E owns 120,000 shares or 0.32% of their US portfolio. Moreover, Vnbtrust National Association has 0.32% invested in the company for 269,775 shares. The California-based Messner & Smith Theme Value Investment Management Ltd Ca has invested 0.13% in the stock. Capwealth Advisors Llc, a Tennessee-based fund reported 100,000 shares.
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