Short Interest in First Acceptance Co. (OTCMKTS:FACO) Expands By 100.0%

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 200 shares, an increase of 100.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is presently 0.0 days.

First Acceptance Price Performance

OTCMKTS:FACO traded up $0.02 on Friday, reaching $3.17. The stock had a trading volume of 2,612 shares, compared to its average volume of 10,644. First Acceptance has a 1-year low of $1.05 and a 1-year high of $4.35. The stock has a fifty day moving average price of $3.43 and a 200-day moving average price of $3.46. The company has a market capitalization of $120.83 million, a P/E ratio of 1.53 and a beta of 0.21. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.27.

First Acceptance (OTCMKTS:FACO) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter. The firm had revenue of $157.68 million for the quarter. First Acceptance had a return on equity of 63.60% and a net margin of 12.61%.

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.