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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPSGet Rating) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 153,200 shares, a drop of 9.1% from the August 15th total of 168,600 shares. Based on an average daily trading volume, of 78,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise boosted its holdings in Altisource Portfolio Solutions by 33.3% in the second quarter. Banque Cantonale Vaudoise now owns 5,600 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,400 shares during the period. State Street Corp boosted its holdings in shares of Altisource Portfolio Solutions by 5.9% during the first quarter. State Street Corp now owns 40,002 shares of the business services provider’s stock valued at $473,000 after acquiring an additional 2,235 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Altisource Portfolio Solutions by 0.4% during the second quarter. Renaissance Technologies LLC now owns 632,722 shares of the business services provider’s stock valued at $6,795,000 after acquiring an additional 2,800 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Altisource Portfolio Solutions during the first quarter valued at $94,000. Finally, Prelude Capital Management LLC acquired a new position in shares of Altisource Portfolio Solutions during the second quarter valued at $108,000. Institutional investors and hedge funds own 35.46% of the company’s stock.

Altisource Portfolio Solutions Price Performance

Altisource Portfolio Solutions stock opened at $10.10 on Wednesday. The company has a market cap of $162.73 million, a PE ratio of 6.60 and a beta of 1.34. The company has a fifty day moving average price of $11.65 and a two-hundred day moving average price of $11.24. Altisource Portfolio Solutions has a 12 month low of $8.68 and a 12 month high of $14.58.

Altisource Portfolio Solutions (NASDAQ:ASPSGet Rating) last released its quarterly earnings data on Thursday, July 28th. The business services provider reported ($0.69) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.03. The business had revenue of $37.64 million during the quarter, compared to analyst estimates of $36.13 million. During the same period in the prior year, the firm earned ($1.17) EPS. Equities research analysts anticipate that Altisource Portfolio Solutions will post -2.53 earnings per share for the current year.

About Altisource Portfolio Solutions

(Get Rating)

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform.

See Also

Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.