Short Interest in First Acceptance Co. (OTCMKTS:FACO) Decreases By 33.3%

First Acceptance Co. (OTCMKTS:FACO - Get Free Report) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 400 shares, a drop of 33.3% from the November 15th total of 600 shares. Based on an average daily trading volume, of 6,800 shares, the days-to-cover ratio is currently 0.1 days.

First Acceptance Stock Performance

OTCMKTS:FACO traded down $0.06 on Friday, hitting $3.20. The company's stock had a trading volume of 3,732 shares, compared to its average volume of 2,697. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. First Acceptance has a one year low of $1.90 and a one year high of $4.35. The stock has a fifty day moving average of $3.40 and a two-hundred day moving average of $3.59. The firm has a market capitalization of $122.08 million, a P/E ratio of 1.53 and a beta of 0.18.

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

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.