First Acceptance Corporation (OTCMKTS:FACO) Short Interest Up ∞ in August

by · The Markets Daily

First Acceptance Corporation (OTCMKTS:FACO – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 786 shares, a growth of ∞ from the August 15th total of 0 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,165 shares, the days-to-cover ratio is presently 0.4 days.

First Acceptance Stock Down 0.4%

Shares of First Acceptance stock opened at $6.03 on Tuesday. First Acceptance has a one year low of $3.24 and a one year high of $6.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s 50-day moving average is $5.79 and its 200 day moving average is $5.26. The firm has a market cap of $222.67 million, a price-to-earnings ratio of 6.09 and a beta of 0.22.

First Acceptance (OTCMKTS:FACO – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $123.14 million during the quarter. First Acceptance had a return on equity of 18.63% and a net margin of 7.82%.

First Acceptance Company Profile

(Get Free Report)

First Acceptance Corporation is an insurance holding company that provides personal automobile insurance, primarily serving drivers in the non-standard insurance market. Through its operating subsidiaries and the Acceptance Insurance brand, the company offers coverage designed for customers who may have difficulty obtaining insurance through standard carriers.

Its products generally include automobile liability coverage as well as optional physical-damage protection, such as comprehensive and collision coverage, where available.

See Also