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

First Acceptance Co. (OTCMKTS:FACO) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 600 shares, a drop of 33.3% from the October 31st total of 900 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is currently 0.1 days.

First Acceptance Stock Performance

Shares of OTCMKTS:FACO traded down $0.10 on Friday, hitting $3.33. 201 shares of the company were exchanged, compared to its average volume of 4,141. The company’s 50 day moving average price is $3.38 and its two-hundred day moving average price is $3.61. The firm has a market capitalization of $127.04 million, a price-to-earnings ratio of 1.59 and a beta of 0.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 0.57. First Acceptance has a one year low of $1.57 and a one year high of $4.35.

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

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.