Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Sees Large Growth in Short Interest

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 925,800 shares, an increase of 23.0% from the October 31st total of 752,700 shares. Currently, 6.7% of the company’s shares are sold short. Based on an average daily volume of 97,500 shares, the short-interest ratio is presently 9.5 days.

Altisource Portfolio Solutions Stock Performance

ASPS stock traded up $0.03 during mid-day trading on Monday, reaching $0.92. 20,118 shares of the stock traded hands, compared to its average volume of 119,362. Altisource Portfolio Solutions has a one year low of $0.70 and a one year high of $4.59. The stock has a market capitalization of $25.00 million, a PE ratio of -0.65 and a beta of 0.94. The business has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $1.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a report on Tuesday, November 26th. They issued a “sell” rating for the company.

Hedge Funds Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after acquiring an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest holding. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.