Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Sees Significant Decline in Short Interest

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 873,500 shares, a drop of 15.2% from the September 30th total of 1,030,000 shares. Approximately 6.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 102,100 shares, the short-interest ratio is presently 8.6 days.

Altisource Portfolio Solutions Stock Performance

ASPS stock opened at $1.18 on Thursday. The firm has a market cap of $31.81 million, a P/E ratio of -0.53 and a beta of 0.95. The firm’s fifty day moving average is $1.15 and its 200 day moving average is $1.42. Altisource Portfolio Solutions has a 52 week low of $0.99 and a 52 week high of $4.60.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Altisource Portfolio Solutions in a research note on Friday, October 25th. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Foundry Partners LLC boosted its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 617,274 shares of the business services provider’s stock after purchasing an additional 22,844 shares during the period. Foundry Partners LLC owned about 2.29% of Altisource Portfolio Solutions worth $1,198,000 at the end of the most recent reporting period. 41.36% of the stock is currently owned by institutional investors.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.