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

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

Wall Street Analyst Weigh In

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

Altisource Portfolio Solutions Stock Down 3.4 %

NASDAQ:ASPS opened at $0.86 on Monday. Altisource Portfolio Solutions has a 12-month low of $0.43 and a 12-month high of $2.71. The stock’s fifty day simple moving average is $0.77 and its 200-day simple moving average is $0.90. The firm has a market capitalization of $23.41 million, a P/E ratio of -0.61 and a beta of 0.87.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC increased its stake in shares of 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 during the last quarter. Integrated Wealth Concepts LLC bought a new position in Altisource Portfolio Solutions during the 4th quarter worth approximately $302,000. Finally, Geode Capital Management LLC grew its holdings in Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 16,390 shares during the period. Institutional investors own 41.36% of the company’s stock.

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.