First Acceptance Co. (OTCMKTS:FACO) Sees Significant Increase in Short Interest

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 800 shares, an increase of 300.0% from the September 30th total of 200 shares. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is currently 0.0 days.

First Acceptance Stock Performance

Shares of FACO remained flat at $3.61 during midday trading on Friday. The company’s 50-day moving average is $3.40 and its 200 day moving average is $3.52. First Acceptance has a 12-month low of $1.05 and a 12-month high of $4.35. The stock has a market capitalization of $137.72 million, a P/E ratio of 1.69 and a beta of 0.21. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.27.

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

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.