Altisource Asset Management Co. (NYSEAMERICAN:AAMC) Short Interest Update

Altisource Asset Management Co. (NYSEAMERICAN:AAMC – Get Rating) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,300 shares, a decrease of 30.6% from the March 15th total of 6,200 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.8 days.

AAMC traded down $0.88 on Friday, hitting $10.20. 15,303 shares of the company were exchanged, compared to its average volume of 18,272. The stock’s fifty day moving average price is $16.04. Altisource Asset Management has a 12 month low of $9.89 and a 12 month high of $18.70. The company has a market capitalization of $20.97 million, a PE ratio of 0.16 and a beta of 1.08.

Separately, StockNews.com assumed coverage on Altisource Asset Management in a research report on Saturday. They set a “hold” rating on the stock.

An institutional investor recently bought a new position in Altisource Asset Management stock. Renaissance Technologies LLC purchased a new position in shares of Altisource Asset Management Co. (NYSEAMERICAN:AAMC – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,500 shares of the asset manager’s stock, valued at approximately $211,000. Renaissance Technologies LLC owned about 0.46% of Altisource Asset Management at the end of the most recent reporting period. 20.74% of the stock is owned by hedge funds and other institutional investors.

Altisource Asset Management Company Profile (Get Rating)

Altisource Asset Management Corporation, an asset management company, provides portfolio management and corporate governance services to institutional investors in the United States. The company offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families.

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