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

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

First Acceptance Stock Down 2.0 %

FACO traded down $0.07 during trading hours on Monday, reaching $3.47. 118,500 shares of the stock traded hands, compared to its average volume of 6,093. The company has a market cap of $132.14 million, a price-to-earnings ratio of 1.66 and a beta of 0.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. First Acceptance has a fifty-two week low of $2.59 and a fifty-two week high of $4.35. The firm’s fifty day simple moving average is $3.18 and its two-hundred day simple moving average is $3.27.

First Acceptance (OTCMKTS:FACO) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $127.23 million during the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

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.