First Acceptance Corporation (OTCMKTS:FACO) Short Interest Update

First Acceptance Corporation (OTCMKTS:FACO) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 188 shares, a drop of 66.2% from the April 30th total of 557 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 31,165 shares, the short-interest ratio is currently 0.0 days.

First Acceptance Stock Up 4.1%

FACO stock traded up $0.22 during mid-day trading on Friday, hitting $5.60. 7,053 shares of the company were exchanged, compared to its average volume of 9,132. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $206.62 million, a P/E ratio of 5.96 and a beta of 0.16. The firm’s 50 day simple moving average is $4.92 and its 200 day simple moving average is $4.36. First Acceptance has a 1-year low of $3.11 and a 1-year high of $5.60.

First Acceptance (OTCMKTS:FACO) last announced its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter. The firm had revenue of $118.38 million for the quarter. First Acceptance had a net margin of 7.11% and a return on equity of 17.90%.

About First Acceptance

First Acceptance Corporation (OTCMKTS: FACO) is a specialty underwriter that focuses on directly marketed print and supplemental health insurance products. Through a network of postal and digital marketing channels, the company offers fixed indemnity medical plans designed to help policyholders manage out-of-pocket healthcare expenses. In addition to core health insurance plans, First Acceptance markets a variety of supplemental coverage options, including dental, accident and critical illness policies.

Beyond its print health business, First Acceptance operates an insurance risk retention group that enables member organizations to pool risk and purchase liability and healthcare benefit programs.