Short Interest in First Acceptance Co. (OTCMKTS:FACO) Grows By 50.0%

First Acceptance Co. (OTCMKTS:FACO) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 300 shares, an increase of 50.0% from the May 31st total of 200 shares. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is currently 0.0 days.

First Acceptance Stock Performance

FACO stock traded down $0.24 during midday trading on Friday, reaching $3.84. 7,601 shares of the company were exchanged, compared to its average volume of 7,464. First Acceptance has a one year low of $0.85 and a one year high of $4.35. The firm has a market capitalization of $146.38 million, a price-to-earnings ratio of 1.97 and a beta of 0.19. The business has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $2.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.70 and a quick ratio of 0.70.

First Acceptance (OTCMKTS:FACO) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter. First Acceptance had a return on equity of 73.36% and a net margin of 13.11%. The business had revenue of $145.26 million during the quarter.

About First Acceptance

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record.