Short Interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Grows By 26.0%

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 246,200 shares, an increase of 26.0% from the May 15th total of 195,400 shares. Approximately 3.1% of the company's stock are sold short. Based on an average trading volume of 19,200 shares, the short-interest ratio is currently 12.8 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Altisource Portfolio Solutions in a research report on Wednesday, May 21st. They issued a "sell" rating on the stock.

Insider Transactions at Altisource Portfolio Solutions

In other Altisource Portfolio Solutions news, CEO William B. Shepro purchased 26,312 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of $3.84 per share, for a total transaction of $101,038.08. Following the completion of the acquisition, the chief executive officer now owns 38,812 shares of the company's stock, valued at $149,038.08. The trade was a 210.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASPS. XTX Topco Ltd grew its holdings in shares of Altisource Portfolio Solutions by 306.4% during the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after acquiring an additional 60,933 shares during the period. Geode Capital Management LLC increased its holdings in shares of Altisource Portfolio Solutions by 8.9% in the 4th 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 in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Altisource Portfolio Solutions in the first quarter worth $214,000. Integrated Wealth Concepts LLC bought a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at $302,000. Finally, Nantahala Capital Management LLC boosted its position in shares of 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 buying an additional 1,037,275 shares during the last quarter. 41.36% of the stock is owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Stock Performance

NASDAQ:ASPS traded up $0.71 during mid-day trading on Wednesday, reaching $9.77. The stock had a trading volume of 25,295 shares, compared to its average volume of 33,870. The stock has a market capitalization of $108.64 million, a P/E ratio of -1.18 and a beta of 0.03. Altisource Portfolio Solutions has a one year low of $1.73 and a one year high of $9.77. The firm has a 50 day moving average price of $7.00 and a two-hundred day moving average price of $6.39.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported ($0.16) earnings per share for the quarter.

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.

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