Short Interest in First Acceptance Co. (OTCMKTS:FACO) Increases By 50.0%

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a growth of 50.0% from the January 31st total of 200 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is presently 0.0 days.

First Acceptance Price Performance

OTCMKTS FACO remained flat at $3.13 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. The company has a fifty day moving average of $3.13 and a 200-day moving average of $3.29. First Acceptance has a fifty-two week low of $2.00 and a fifty-two week high of $4.35. The firm has a market cap of $119.28 million, a price-to-earnings ratio of 1.50 and a beta of 0.19.

First Acceptance (OTCMKTS:FACO) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.21 earnings per share for 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.