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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 873,500 shares, a decline of 15.2% from the September 30th total of 1,030,000 shares. Based on an average trading volume of 102,100 shares, the days-to-cover ratio is currently 8.6 days. Approximately 6.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Foundry Partners LLC grew its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 3.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 617,274 shares of the business services provider’s stock after buying an additional 22,844 shares during the quarter. Foundry Partners LLC owned 2.29% of Altisource Portfolio Solutions worth $1,198,000 at the end of the most recent reporting period. 41.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a research note on Friday, October 25th. They set a “sell” rating on the stock.

Altisource Portfolio Solutions Price Performance

Shares of NASDAQ ASPS opened at $1.23 on Wednesday. The stock has a market capitalization of $33.16 million, a P/E ratio of -0.56 and a beta of 0.95. The business’s 50 day moving average is $1.15 and its two-hundred day moving average is $1.42. Altisource Portfolio Solutions has a 1-year low of $0.99 and a 1-year high of $4.60.

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.