Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Update

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 830,600 shares, a drop of 6.7% from the January 15th total of 890,500 shares. Based on an average daily volume of 204,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 6.0% of the company’s shares are sold short.

Institutional Trading of Altisource Portfolio Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after purchasing an additional 16,390 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Altisource Portfolio Solutions in the 4th quarter valued at about $302,000. Finally, Nantahala Capital Management LLC grew its position in Altisource Portfolio Solutions by 95.1% in the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after acquiring an additional 1,037,275 shares in the last quarter. 41.36% of the stock is owned by institutional investors and hedge funds.

Altisource Portfolio Solutions Trading Down 10.4 %

Shares of NASDAQ:ASPS opened at $0.75 on Wednesday. The business has a 50-day moving average price of $0.75 and a 200 day moving average price of $0.96. The company has a market capitalization of $20.42 million, a price-to-earnings ratio of -0.53 and a beta of 0.90. Altisource Portfolio Solutions has a 12-month low of $0.43 and a 12-month high of $3.17.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a research report on Friday, February 14th. They set a “sell” rating for the company.

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.