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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 141,175 shares, a decline of 61.4% from the February 26th total of 365,924 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 50,083 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Altisource Portfolio Solutions in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Altisource Portfolio Solutions Stock Performance

ASPS opened at $6.59 on Thursday. Altisource Portfolio Solutions has a 1 year low of $4.30 and a 1 year high of $15.96. The firm has a 50 day moving average price of $6.10 and a 200 day moving average price of $8.28. The company has a market cap of $74.34 million, a PE ratio of -54.91 and a beta of 0.08.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter. Altisource Portfolio Solutions had a net margin of 0.94% and a negative return on equity of 0.45%. The firm had revenue of $42.34 million for the quarter.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Altisource Portfolio Solutions during the 4th quarter worth $75,000. Millennium Management LLC purchased a new position in Altisource Portfolio Solutions in the third quarter valued at about $141,000. XTX Topco Ltd acquired a new position in shares of Altisource Portfolio Solutions during the third quarter worth about $589,000. Potomac Capital Management Inc. acquired a new position in shares of Altisource Portfolio Solutions during the fourth quarter worth about $700,000. Finally, Vanguard Group Inc. boosted its position in shares of Altisource Portfolio Solutions by 41.7% in the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after buying an additional 110,888 shares during the period. Institutional investors and hedge funds own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.

Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.