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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a large decrease in short interest in 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. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 103,900 shares, the short-interest ratio is presently 7.2 days.

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 stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the period. Altisource Portfolio Solutions accounts for approximately 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd biggest position. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Trading Down 0.8 %

NASDAQ ASPS opened at $0.87 on Friday. Altisource Portfolio Solutions has a 12 month low of $0.70 and a 12 month high of $4.60. The stock’s 50 day moving average is $1.10 and its 200 day moving average is $1.36. The stock has a market cap of $23.55 million, a PE ratio of -0.61 and a beta of 0.94.

Analysts Set New Price Targets

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