Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Up 23.0% in November

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a large 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. Based on an average daily trading volume, of 97,500 shares, the short-interest ratio is presently 9.5 days. Approximately 6.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Altisource Portfolio Solutions Stock Performance

Shares of Altisource Portfolio Solutions stock traded down $0.05 during trading on Friday, reaching $0.89. The company’s stock had a trading volume of 176,554 shares, compared to its average volume of 119,796. The business’s fifty day moving average price is $1.05 and its 200-day moving average price is $1.28. Altisource Portfolio Solutions has a one year low of $0.70 and a one year high of $4.59. The firm has a market cap of $24.18 million, a price-to-earnings ratio of -0.63 and a beta of 0.94.

Hedge Funds Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 comprises about 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 41.36% of the stock is owned by hedge funds and other 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.