Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Update

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,060,000 shares, a decrease of 12.4% from the March 31st total of 1,210,000 shares. Approximately 8.7% of the company's shares are short sold. Based on an average daily trading volume, of 111,800 shares, the short-interest ratio is presently 9.5 days.

Altisource Portfolio Solutions Stock Up 5.3 %

NASDAQ ASPS traded up $0.10 during trading hours on Friday, hitting $1.97. The company's stock had a trading volume of 119,461 shares, compared to its average volume of 135,515. The stock has a fifty day moving average of $2.24 and a 200 day moving average of $3.10. Altisource Portfolio Solutions has a twelve month low of $1.38 and a twelve month high of $6.79. The firm has a market capitalization of $53.09 million, a P/E ratio of -0.89 and a beta of 1.04.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The business services provider reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The company had revenue of $32.21 million for the quarter, compared to analyst estimates of $34.36 million. On average, analysts predict that Altisource Portfolio Solutions will post -0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Altisource Portfolio Solutions

Several hedge funds have recently bought and sold shares of ASPS. Cannell Capital LLC acquired a new stake in Altisource Portfolio Solutions in the third quarter worth $3,257,000. B. Riley Financial Inc. acquired a new stake in Altisource Portfolio Solutions in the third quarter worth $2,787,000. Foundry Partners LLC acquired a new stake in Altisource Portfolio Solutions in the third quarter worth $1,796,000. AWM Investment Company Inc. acquired a new stake in Altisource Portfolio Solutions in the third quarter worth $1,120,000. Finally, Potomac Capital Management Inc. increased its position in shares of Altisource Portfolio Solutions by 223.9% during the third quarter. Potomac Capital Management Inc. now owns 146,115 shares of the business services provider's stock worth $583,000 after acquiring an additional 101,000 shares in the last quarter. 41.36% of the stock is currently owned by institutional investors and hedge funds.

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.