Heavily shorted savings and loan First Marblehead (FMD +9.8%) has a rally under way that may...

|About: The First Marblehead Corpo... (FMD)|By:, SA News Editor

Heavily shorted savings and loan First Marblehead (FMD +9.8%) has a rally under way that may show a change in sentiment as the lender tries a turnaround. FMD suspended its dividend in 2007, and though losses continue, they may be slowing down.