Short Interest in First Acceptance Corporation (OTCMKTS:FACO) Increases By ∞

First Acceptance Corporation (OTCMKTS:FACO) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1 shares, an increase of ∞ from the July 15th total of 0 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,683 shares, the days-to-cover ratio is currently 0.0 days.

First Acceptance Price Performance

Shares of OTCMKTS:FACO opened at $6.09 on Friday. The company has a market cap of $224.78 million, a price-to-earnings ratio of 6.15 and a beta of 0.21. The firm’s 50-day simple moving average is $5.52 and its 200-day simple moving average is $4.96. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.20. First Acceptance has a fifty-two week low of $3.24 and a fifty-two week high of $6.31.

First Acceptance (OTCMKTS:FACO) 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 19.01%. The business had revenue of $123.14 million for the quarter.

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.