First Acceptance Corporation (OTCMKTS:FACO) Short Interest Up 150.0% in September

Key Points

• Short interest for First Acceptance Corporation increased by 150.0% in September, rising from 200 shares to a total of 500 shares.
• The company's stock price is currently at $3.55, reflecting a 1.4% increase in trading, with a market cap of $130.11 million.
• First Acceptance reported earnings of $0.21 per share for the last quarter, with a net margin of 4.66% and revenue of $140.66 million.

First Acceptance Corporation (OTCMKTS:FACO - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 500 shares, an increase of 150.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 0.1 days.

First Acceptance Trading Up 1.4%

Shares of FACO stock traded up $0.05 during trading hours on Friday, reaching $3.55. 2,500 shares of the stock traded hands, compared to its average volume of 1,293. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $130.11 million, a PE ratio of 5.47 and a beta of 0.02. First Acceptance has a 1-year low of $2.88 and a 1-year high of $3.95. The business has a fifty day moving average price of $3.46 and a 200 day moving average price of $3.42.

First Acceptance (OTCMKTS:FACO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.21 earnings per share for the quarter. First Acceptance had a net margin of 4.66% and a return on equity of 14.50%. The firm had revenue of $140.66 million for 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.

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