First Acceptance Co. (OTCMKTS:FACO) Sees Large Drop in Short Interest

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 600 shares, a drop of 33.3% from the October 31st total of 900 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 0.1 days.

First Acceptance Trading Down 0.6 %

OTCMKTS FACO traded down $0.02 during trading hours on Friday, reaching $3.31. The company’s stock had a trading volume of 10,323 shares, compared to its average volume of 4,125. First Acceptance has a 52 week low of $1.57 and a 52 week high of $4.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $126.28 million, a P/E ratio of 1.58 and a beta of 0.21. The firm has a fifty day simple moving average of $3.38 and a 200-day simple moving average of $3.61.

First Acceptance (OTCMKTS:FACO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter. The company had revenue of $129.26 million for the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

First Acceptance Company Profile

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.