First Acceptance Co. (OTCMKTS:FACO) Short Interest Update

First Acceptance Co. (OTCMKTS:FACO) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 200 shares, a decline of 33.3% from the February 13th total of 300 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

First Acceptance Stock Down 2.0 %

FACO traded down $0.07 during trading hours on Friday, hitting $3.47. 118,500 shares of the company’s stock were exchanged, compared to its average volume of 6,093. First Acceptance has a 12-month low of $2.59 and a 12-month high of $4.35. The firm has a 50 day moving average of $3.18 and a 200 day moving average of $3.27. The firm has a market cap of $132.14 million, a P/E ratio of 1.66 and a beta of 0.10. 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 (OTCMKTS:FACO) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.21 EPS for the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%. The company had revenue of $127.23 million during the quarter.

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.