Short Interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Drops By 13.8%

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 752,700 shares, a decrease of 13.8% from the October 15th total of 873,500 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily volume of 103,900 shares, the short-interest ratio is currently 7.2 days.

Altisource Portfolio Solutions Stock Down 0.8 %

ASPS opened at $0.87 on Friday. Altisource Portfolio Solutions has a 52 week low of $0.70 and a 52 week high of $4.60. The business has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $1.35. The firm has a market cap of $23.55 million, a P/E ratio of -0.61 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Altisource Portfolio Solutions in a research report on Sunday, November 10th. They issued a “sell” rating on the stock.

Institutional Trading of Altisource Portfolio Solutions

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

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.