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

First Acceptance Co. (OTCMKTS:FACO - Get Free Report) was the target of a significant increase in short interest in 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 volume of 21,900 shares, the short-interest ratio is presently 0.0 days.

First Acceptance Stock Performance

Shares of OTCMKTS FACO remained flat at $3.61 during mid-day trading on Friday. First Acceptance has a 12-month low of $1.05 and a 12-month high of $4.35. The business has a 50-day moving average of $3.40 and a two-hundred day moving average of $3.52. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.27. The stock has a market cap of $137.72 million, a price-to-earnings ratio of 1.69 and a beta of 0.21.

First Acceptance (OTCMKTS:FACO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. The business 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.