Short Interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Rises By 11.4%

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,040,000 shares, an increase of 11.4% from the December 15th total of 933,800 shares. Currently, 7.5% of the company’s stock are sold short. Based on an average daily volume of 200,100 shares, the days-to-cover ratio is currently 5.2 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Altisource Portfolio Solutions in a research note on Monday, January 13th. They issued a “sell” rating for the company.

Altisource Portfolio Solutions Trading Down 1.7 %

Shares of ASPS opened at $0.65 on Monday. Altisource Portfolio Solutions has a 52 week low of $0.43 and a 52 week high of $3.36. The firm has a market cap of $17.80 million, a price-to-earnings ratio of -0.46 and a beta of 0.90. The stock has a 50 day moving average of $0.75 and a 200-day moving average of $1.04.

Hedge Funds Weigh In On Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned approximately 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. 41.36% of the stock is owned by institutional investors and hedge funds.

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.