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

First Acceptance Corporation (OTCMKTS:FACO – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 786 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 2,165 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

First Acceptance Stock Performance

OTCMKTS:FACO opened at $6.03 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.62 and a current ratio of 0.62. First Acceptance has a fifty-two week low of $3.24 and a fifty-two week high of $6.31. The company has a 50 day simple moving average of $5.79 and a two-hundred day simple moving average of $5.26. The company has a market capitalization of $222.67 million, a PE ratio of 6.09 and a beta of 0.22.

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

About First Acceptance

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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.

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