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

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 300 shares, an increase of 50.0% from the May 31st total of 200 shares. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is currently 0.0 days.

First Acceptance Trading Down 5.9 %

FACO traded down $0.24 on Friday, hitting $3.84. The company had a trading volume of 7,601 shares, compared to its average volume of 7,464. The firm has a market cap of $146.38 million, a P/E ratio of 1.86 and a beta of 0.19. First Acceptance has a 1 year low of $0.85 and a 1 year high of $4.35. The company’s fifty day moving average price is $3.56 and its 200 day moving average price is $2.76. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.28.

First Acceptance (OTCMKTS:FACO) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $145.26 million for the quarter. First Acceptance had a net margin of 13.11% and a return on equity of 73.36%.

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.