Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Up 32.3% in February

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,240,000 shares, a growth of 32.3% from the February 13th total of 937,500 shares. Currently, 13.7% of the company’s stock are short sold. Based on an average trading volume of 197,700 shares, the days-to-cover ratio is presently 6.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASPS. Geode Capital Management LLC raised its stake in shares of Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after purchasing an additional 16,390 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions in the fourth quarter worth $302,000. Finally, Nantahala Capital Management LLC increased its position in Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after acquiring an additional 1,037,275 shares during the last quarter. Hedge funds and other institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Price Performance

ASPS stock opened at $0.88 on Tuesday. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $2.71. The business has a fifty day moving average price of $0.78 and a 200-day moving average price of $0.90. The stock has a market capitalization of $23.95 million, a P/E ratio of -0.62 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Altisource Portfolio Solutions in a report on Tuesday. They issued a “sell” rating on the stock.

Altisource Portfolio Solutions Company Profile

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.