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

First Acceptance Co. (OTCMKTS:FACO) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 400 shares, a decrease of 33.3% from the November 15th total of 600 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.1 days.

First Acceptance Stock Performance

First Acceptance stock remained flat at $3.20 during midday trading on Friday. The company had a trading volume of 716 shares, compared to its average volume of 9,627. The business’s 50 day moving average is $3.40 and its two-hundred day moving average is $3.59. First Acceptance has a 1 year low of $1.90 and a 1 year high of $4.35. The company has a market capitalization of $122.08 million, a PE ratio of 1.53 and a beta of 0.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 0.57.

First Acceptance (OTCMKTS:FACO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 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 $129.26 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.