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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 1,040,000 shares, an increase of 11.4% from the December 15th total of 933,800 shares. Based on an average daily volume of 200,100 shares, the short-interest ratio is currently 5.2 days. Currently, 7.5% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Altisource Portfolio Solutions in a research note on Monday, January 13th. They set a “sell” rating for the company.

Institutional Investors Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp boosted its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the period. Altisource Portfolio Solutions comprises 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd largest holding. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 41.36% of the company’s stock.

Altisource Portfolio Solutions Stock Down 1.7 %

ASPS opened at $0.65 on Monday. The firm has a market cap of $17.80 million, a PE ratio of -0.46 and a beta of 0.90. The business has a fifty day simple moving average of $0.75 and a 200-day simple moving average of $1.04. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $3.36.

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.