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

First Acceptance Corporation (OTCMKTS:FACO) was the target of a large increase in short interest in 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. Based on an average daily volume of 6,683 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

First Acceptance Price Performance

Shares of OTCMKTS FACO opened at $6.09 on Friday. The stock has a market capitalization of $224.78 million, a price-to-earnings ratio of 6.15 and a beta of 0.21. First Acceptance has a 52 week low of $3.24 and a 52 week high of $6.31. The firm has a 50-day moving average price of $5.52 and a 200 day moving average price of $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 (OTCMKTS:FACO) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter. First Acceptance had a net margin of 7.82% and a return on equity of 19.01%. The company 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.