First Acceptance Co. (OTCMKTS:FACO) Sees Significant Decline in Short Interest

First Acceptance Co. (OTCMKTS:FACO) was the recipient of a significant decrease in short interest during the month of 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 trading volume of 6,800 shares, the days-to-cover ratio is presently 0.1 days.

First Acceptance Price Performance

Shares of OTCMKTS:FACO opened at $3.20 on Friday. First Acceptance has a one year low of $1.90 and a one year high of $4.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $122.08 million, a price-to-earnings ratio of 1.53 and a beta of 0.18. The firm has a 50 day simple moving average of $3.40 and a 200 day simple moving average of $3.59.

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.