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

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant drop in short interest during the month of 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 sold short.

First Acceptance Stock Down 2.0 %

Shares of FACO stock traded down $0.07 during trading hours on Friday, hitting $3.47. 118,500 shares of the company’s stock traded hands, compared to its average volume of 6,093. The stock’s fifty day simple moving average is $3.18 and its two-hundred day simple moving average is $3.27. First Acceptance has a 12-month low of $2.59 and a 12-month high of $4.35. The stock 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 quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.25.

First Acceptance (OTCMKTS:FACO) last released its earnings results on Tuesday, March 4th. The company reported $0.21 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 $127.23 million during 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.