Short Interest in First Acceptance Corporation (OTCMKTS:FACO) Declines By 66.2%

First Acceptance Corporation (OTCMKTS:FACO) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 188 shares, a decline of 66.2% from the April 30th total of 557 shares. Based on an average daily trading volume, of 31,165 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

First Acceptance Trading Up 1.6%

First Acceptance stock traded up $0.09 during mid-day trading on Monday, reaching $5.69. 2,067 shares of the company traded hands, compared to its average volume of 8,062. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50 day moving average price is $4.92 and its 200 day moving average price is $4.36. The firm has a market capitalization of $209.84 million, a price-to-earnings ratio of 6.05 and a beta of 0.20. First Acceptance has a 52-week low of $3.15 and a 52-week high of $5.69.

First Acceptance (OTCMKTS:FACO) last released its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $118.38 million for the quarter. First Acceptance had a net margin of 7.11% and a return on equity of 17.90%.

First Acceptance Company Profile

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.