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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw 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. Based on an average trading volume of 131,000 shares, the days-to-cover ratio is currently 9.2 days. Approximately 9.9% of the shares of the company are sold short.

Altisource Portfolio Solutions Price Performance

ASPS stock traded up $0.02 during midday trading on Friday, reaching $1.48. The company had a trading volume of 96,702 shares, compared to its average volume of 176,927. The company has a market capitalization of $39.32 million, a price-to-earnings ratio of -0.57 and a beta of 1.04. The stock has a 50 day moving average price of $2.46 and a 200-day moving average price of $3.27. Altisource Portfolio Solutions has a 1-year low of $1.38 and a 1-year high of $6.79.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASPS. Vanguard Group Inc. raised its stake in Altisource Portfolio Solutions by 4.2% during the first quarter. Vanguard Group Inc. now owns 307,359 shares of the business services provider’s stock worth $3,636,000 after acquiring an additional 12,518 shares in the last quarter. State Street Corp raised its stake in Altisource Portfolio Solutions by 5.9% during the first quarter. State Street Corp now owns 40,002 shares of the business services provider’s stock worth $473,000 after acquiring an additional 2,235 shares in the last quarter. Renaissance Technologies LLC raised its stake in Altisource Portfolio Solutions by 0.4% during the second quarter. Renaissance Technologies LLC now owns 632,722 shares of the business services provider’s stock worth $6,795,000 after acquiring an additional 2,800 shares in the last quarter. Prelude Capital Management LLC acquired a new position in Altisource Portfolio Solutions during the second quarter worth about $108,000. Finally, UBS Group AG raised its stake in Altisource Portfolio Solutions by 1,199.4% during the third quarter. UBS Group AG now owns 2,053 shares of the business services provider’s stock worth $27,000 after acquiring an additional 1,895 shares in the last quarter. Institutional investors and hedge funds own 41.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.