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

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 200 shares, a decrease of 33.3% from the February 13th total of 300 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,000 shares, the short-interest ratio is presently 0.2 days.

First Acceptance Trading Down 2.0 %

Shares of OTCMKTS:FACO traded down $0.07 during midday trading on Friday, hitting $3.47. 118,500 shares of the stock traded hands, compared to its average volume of 6,093. First Acceptance has a one year low of $2.59 and a one year high of $4.35. The stock has a market capitalization of $132.14 million, a PE ratio of 1.66 and a beta of 0.10. The business’s 50 day moving average is $3.18 and its two-hundred day moving average is $3.27. 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 quarterly 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 company had revenue of $127.23 million during the quarter.

First Acceptance Company Profile

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.