Short Interest in First Acceptance Co. (OTCMKTS:FACO) Expands By 300.0%

First Acceptance Co. (OTCMKTS:FACO) was the target 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 trading volume of 21,900 shares, the days-to-cover ratio is presently 0.0 days.

First Acceptance Price Performance

FACO remained flat at $3.61 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $137.72 million, a PE ratio of 1.69 and a beta of 0.21. The firm’s 50 day simple moving average is $3.40 and its two-hundred day simple moving average is $3.52. First Acceptance has a 52-week low of $1.05 and a 52-week high of $4.35.

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