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

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 300 shares, a growth of 50.0% from the May 31st total of 200 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is presently 0.0 days.

First Acceptance Stock Down 5.9 %

Shares of OTCMKTS FACO opened at $3.84 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.28. First Acceptance has a 52 week low of $0.85 and a 52 week high of $4.35. The firm has a 50-day moving average price of $3.56 and a 200 day moving average price of $2.76. The stock has a market capitalization of $146.38 million, a price-to-earnings ratio of 1.86 and a beta of 0.23.

First Acceptance (OTCMKTS:FACO) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter. First Acceptance had a net margin of 13.11% and a return on equity of 73.36%. The firm had revenue of $145.26 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.