Short Interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Increases By 19.8%

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,210,000 shares, an increase of 19.8% from the March 15th total of 1,010,000 shares. Currently, 9.9% of the shares of the company are sold short. Based on an average daily volume of 131,000 shares, the short-interest ratio is presently 9.2 days.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Institutional investors have recently made changes to their positions in the stock. Cannell Capital LLC bought a new stake in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $3,257,000. B. Riley Financial Inc. bought a new stake in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $2,787,000. Foundry Partners LLC bought a new stake in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $1,796,000. AWM Investment Company Inc. bought a new stake in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $1,120,000. Finally, Nantahala Capital Management LLC boosted its position in shares of Altisource Portfolio Solutions by 17.7% during the 4th quarter. Nantahala Capital Management LLC now owns 1,064,109 shares of the business services provider’s stock valued at $3,788,000 after acquiring an additional 159,647 shares during the last quarter. Hedge funds and other institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ:ASPS remained flat at $1.48 during trading on Monday. The company’s stock had a trading volume of 105,965 shares, compared to its average volume of 136,629. The firm has a market cap of $39.32 million, a P/E ratio of -0.57 and a beta of 1.04. The firm’s 50-day moving average is $2.43 and its 200 day moving average is $3.24. Altisource Portfolio Solutions has a 12-month low of $1.38 and a 12-month high of $6.79.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its earnings results on Thursday, March 7th. The business services provider reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The business had revenue of $32.21 million during the quarter, compared to analysts’ expectations of $34.36 million. On average, analysts anticipate that Altisource Portfolio Solutions will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a report on Saturday, January 6th.

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.