First Acceptance Co. (OTCMKTS:FACO) Short Interest Up 100.0% in January

First Acceptance Co. (OTCMKTS:FACO) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, an increase of 100.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is currently 0.0 days.

First Acceptance Stock Performance

OTCMKTS:FACO traded up $0.06 during mid-day trading on Friday, reaching $3.19. The company’s stock had a trading volume of 700 shares, compared to its average volume of 4,423. First Acceptance has a 12-month low of $1.98 and a 12-month high of $4.35. The firm’s fifty day moving average price is $3.13 and its two-hundred day moving average price is $3.34. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. The stock has a market cap of $121.48 million, a P/E ratio of 1.53 and a beta of 0.19.

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.