Short Interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Grows By 32.3%

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,240,000 shares, a growth of 32.3% from the February 13th total of 937,500 shares. Based on an average trading volume of 197,700 shares, the short-interest ratio is presently 6.3 days. Currently, 13.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASPS. Nantahala Capital Management LLC raised its stake in shares of Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after acquiring an additional 1,037,275 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Altisource Portfolio Solutions in the 4th quarter worth approximately $302,000. Finally, Geode Capital Management LLC lifted its holdings in 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 buying an additional 16,390 shares in the last quarter. Institutional investors and hedge funds own 41.36% of the company’s stock.

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ:ASPS opened at $0.86 on Monday. Altisource Portfolio Solutions has a 52 week low of $0.43 and a 52 week high of $2.71. The company’s fifty day moving average is $0.77 and its 200-day moving average is $0.90. The company has a market capitalization of $23.41 million, a PE ratio of -0.61 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Altisource Portfolio Solutions in a research report on Monday, March 10th. They issued a “sell” rating for the company.

About Altisource Portfolio Solutions

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.