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

First Acceptance Corporation (OTCMKTS:FACO) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 786 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 2,165 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

First Acceptance Stock Performance

Shares of FACO traded up $0.13 during mid-day trading on Wednesday, hitting $6.10. The company’s stock had a trading volume of 100 shares, compared to its average volume of 7,000. 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 quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $225.46 million, a PE ratio of 6.16 and a beta of 0.22. The stock’s 50-day moving average is $5.80 and its two-hundred day moving average is $5.27.

First Acceptance (OTCMKTS:FACO) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $123.14 million for 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 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.