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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 830,600 shares, a decline of 6.7% from the January 15th total of 890,500 shares. Based on an average trading volume of 204,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 6.0% of the shares of the stock are sold short.

Altisource Portfolio Solutions Trading Down 27.2 %

Shares of ASPS opened at $0.84 on Tuesday. Altisource Portfolio Solutions has a 52-week low of $0.43 and a 52-week high of $3.17. The stock has a fifty day moving average price of $0.75 and a two-hundred day moving average price of $0.96.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC boosted its holdings in Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after acquiring an additional 1,037,275 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Altisource Portfolio Solutions during the fourth quarter worth $302,000. Finally, Geode Capital Management LLC increased its holdings in shares of Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after acquiring an additional 16,390 shares in the last quarter. Institutional investors own 41.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a report on Friday. 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.