First Acceptance Corporation (OTCMKTS:FACO) Sees Large Growth in Short Interest

First Acceptance Corporation (OTCMKTS:FACO) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 218 shares. Based on an average daily volume of 93,147 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

First Acceptance Price Performance

OTCMKTS:FACO traded up $0.12 on Thursday, reaching $6.12. The stock had a trading volume of 17,176 shares, compared to its average volume of 9,247. The company has a market capitalization of $224.73 million, a P/E ratio of 6.18 and a beta of 0.23. First Acceptance has a 1-year low of $3.24 and a 1-year high of $6.48. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $6.07 and a 200-day moving average price of $5.52.

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

First Acceptance Company Profile

First Acceptance Corporation is an insurance holding company that provides personal automobile insurance, primarily serving drivers who may have difficulty obtaining coverage through standard insurers. Its insurance products are marketed under the Acceptance Insurance brand and are designed to meet state-required liability coverage and other vehicle-insurance needs.

The company distributes policies through a network of retail locations, independent agents and digital channels. In addition to nonstandard auto insurance, its offerings have included related products and services such as vehicle physical-damage coverage, roadside assistance and other ancillary insurance products, depending on the customer’s state and eligibility.

First Acceptance has historically focused on selected U.S.