Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Update

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large decline in short interest in 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. Approximately 6.3% of the company’s shares are sold short. Based on an average daily volume of 102,100 shares, the short-interest ratio is presently 8.6 days.

Altisource Portfolio Solutions Stock Down 4.1 %

Shares of ASPS stock opened at $1.18 on Thursday. The stock has a fifty day moving average of $1.15 and a 200 day moving average of $1.42. The firm has a market capitalization of $31.81 million, a price-to-earnings ratio of -0.53 and a beta of 0.95. Altisource Portfolio Solutions has a 52 week low of $0.99 and a 52 week high of $4.60.

Institutional Investors Weigh In On Altisource Portfolio Solutions

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Altisource Portfolio Solutions in a report on Friday, October 25th. They issued a “sell” rating for the company.

Altisource Portfolio Solutions Company Profile

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.