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

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 400 shares, a decline of 33.3% from the November 15th total of 600 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 0.1 days.

First Acceptance Trading Down 1.8 %

Shares of FACO stock opened at $3.20 on Friday. The stock has a market cap of $122.08 million, a P/E ratio of 1.53 and a beta of 0.18. First Acceptance has a 1 year low of $1.90 and a 1 year high of $4.35. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $3.40 and a 200 day simple moving average of $3.59.

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