First Acceptance Co. (OTCMKTS:FACO) Short Interest Up 300.0% in October

First Acceptance Co. (OTCMKTS:FACO) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 800 shares, a growth of 300.0% from the September 30th total of 200 shares. Based on an average daily volume of 21,900 shares, the short-interest ratio is presently 0.0 days.

First Acceptance Stock Performance

Shares of FACO stock opened at $3.61 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $137.72 million, a price-to-earnings ratio of 1.69 and a beta of 0.21. First Acceptance has a 52 week low of $1.05 and a 52 week high of $4.35. The firm’s 50-day simple moving average is $3.40 and its two-hundred day simple moving average is $3.53.

First Acceptance (OTCMKTS:FACO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $157.68 million during the quarter. First Acceptance had a net margin of 12.61% and a return on equity of 63.60%.

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.