Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Up 23.0% in November

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 925,800 shares, a growth of 23.0% from the October 31st total of 752,700 shares. Based on an average daily volume of 97,500 shares, the days-to-cover ratio is presently 9.5 days. Currently, 6.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a research note on Tuesday. They issued a “sell” rating for the company.

Institutional Trading of Altisource Portfolio Solutions

An institutional investor recently raised its position in Altisource Portfolio Solutions stock. Deer Park Road Corp raised its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the quarter. Altisource Portfolio Solutions accounts for 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest holding. 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.

Altisource Portfolio Solutions Stock Performance

Shares of ASPS stock traded down $0.05 during mid-day trading on Friday, reaching $0.89. The company’s stock had a trading volume of 176,554 shares, compared to its average volume of 119,796. The firm’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.28. The company has a market cap of $24.18 million, a P/E ratio of -0.63 and a beta of 0.94. Altisource Portfolio Solutions has a 1-year low of $0.70 and a 1-year high of $4.59.

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.