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

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Altisource Portfolio Solutions in a research note on Tuesday, November 26th. They set a “sell” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the 2nd quarter, according to its most recent Form 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 quarter. Altisource Portfolio Solutions accounts for about 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Price Performance

Shares of ASPS stock traded up $0.03 during trading hours on Monday, hitting $0.92. The stock had a trading volume of 20,118 shares, compared to its average volume of 119,362. The stock has a market capitalization of $25.00 million, a price-to-earnings ratio of -0.65 and a beta of 0.94. The stock’s 50-day moving average price is $1.05 and its two-hundred day moving average price is $1.27. Altisource Portfolio Solutions has a one year low of $0.70 and a one year high of $4.59.

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.