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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,240,000 shares, a growth of 32.3% from the February 13th total of 937,500 shares. Based on an average daily volume of 197,700 shares, the days-to-cover ratio is currently 6.3 days. Approximately 13.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a research note on Tuesday. They issued a “sell” rating for the company.

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ:ASPS opened at $0.92 on Wednesday. The firm has a market cap of $25.05 million, a price-to-earnings ratio of -0.65 and a beta of 0.87. The firm has a fifty day moving average price of $0.78 and a 200 day moving average price of $0.90. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $2.71.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A number of hedge funds have recently made changes to their positions in ASPS. Geode Capital Management LLC grew its holdings in Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after buying an additional 16,390 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Altisource Portfolio Solutions during the 4th quarter valued at approximately $302,000. Finally, Nantahala Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,037,275 shares in the last quarter. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

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.