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

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 900 shares, a growth of 12.5% from the October 15th total of 800 shares. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is presently 0.2 days.

First Acceptance Price Performance

Shares of FACO stock traded down $0.02 during trading hours on Monday, hitting $3.35. The company’s stock had a trading volume of 10,977 shares, compared to its average volume of 10,099. The business has a fifty day moving average of $3.37 and a 200-day moving average of $3.61. The company has a current ratio of 0.57, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. First Acceptance has a twelve month low of $1.47 and a twelve month high of $4.35. The stock has a market cap of $127.90 million, a price-to-earnings ratio of 1.61 and a beta of 0.21.

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