First Acceptance Co. (OTCMKTS:FACO) Short Interest Up 100.0% in March

First Acceptance Co. (OTCMKTS:FACO) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, an increase of 100.0% from the March 15th total of 100 shares. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

First Acceptance Stock Performance

Shares of FACO remained flat at $3.46 during midday trading on Thursday. 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 firm has a market cap of $127.23 million, a PE ratio of 1.66 and a beta of 0.08. First Acceptance has a twelve month low of $2.61 and a twelve month high of $4.35. The stock’s 50-day moving average is $3.44 and its two-hundred day moving average is $3.33.

First Acceptance (OTCMKTS:FACO) last posted its earnings results on Tuesday, March 4th. The company reported $0.21 EPS for the quarter. The business had revenue of $127.23 million for 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.