Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Up 10.9% in July

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,090,000 shares, an increase of 10.9% from the June 30th total of 982,800 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 112,300 shares, the days-to-cover ratio is currently 9.7 days.

Altisource Portfolio Solutions Price Performance

Shares of ASPS stock traded up $0.07 during trading hours on Wednesday, reaching $1.38. The stock had a trading volume of 79,989 shares, compared to its average volume of 122,615. Altisource Portfolio Solutions has a 12 month low of $1.04 and a 12 month high of $5.32. The stock’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $2.05.

Institutional Trading of Altisource Portfolio Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Foundry Partners LLC grew its holdings in shares of Altisource Portfolio Solutions by 3.8% during the first quarter. Foundry Partners LLC now owns 617,274 shares of the business services provider’s stock worth $1,198,000 after purchasing an additional 22,844 shares in the last quarter. Black Maple Capital Management LP lifted its holdings in shares of Altisource Portfolio Solutions by 97.2% during the 4th quarter. Black Maple Capital Management LP now owns 39,439 shares of the business services provider’s stock worth $140,000 after acquiring an additional 19,439 shares during the last quarter. Cannell Capital LLC grew its position in Altisource Portfolio Solutions by 51.1% in the fourth quarter. Cannell Capital LLC now owns 1,233,385 shares of the business services provider’s stock worth $4,391,000 after acquiring an additional 417,043 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Altisource Portfolio Solutions by 35.5% in the fourth quarter. Raymond James & Associates now owns 59,125 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 15,500 shares during the last quarter. Hedge funds and other institutional investors own 41.36% of the company’s stock.

About Altisource Portfolio Solutions

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.