Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Up 24.5% in July

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Get Rating) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 195,400 shares, an increase of 24.5% from the June 30th total of 157,000 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 85,900 shares, the short-interest ratio is currently 2.3 days.

Altisource Portfolio Solutions Stock Performance

Shares of ASPS opened at $11.20 on Tuesday. The firm’s 50-day simple moving average is $11.43 and its 200 day simple moving average is $11.25. Altisource Portfolio Solutions has a 52 week low of $8.07 and a 52 week high of $14.58. The firm has a market cap of $180.43 million, a P/E ratio of 7.32 and a beta of 1.38.

Altisource Portfolio Solutions (NASDAQ:ASPS – Get Rating) last announced its earnings results on Thursday, July 28th. The business services provider reported ($0.69) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.03. The business had revenue of $37.64 million for the quarter, compared to analyst estimates of $36.13 million. During the same quarter in the previous year, the company earned ($1.17) EPS. As a group, equities analysts forecast that Altisource Portfolio Solutions will post -2.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ASPS. Teramo Advisors LLC acquired a new position in shares of Altisource Portfolio Solutions during the 4th quarter worth approximately $112,000. TCW Group Inc. grew its position in shares of Altisource Portfolio Solutions by 21.0% during the 1st quarter. TCW Group Inc. now owns 234,913 shares of the business services provider’s stock worth $2,779,000 after purchasing an additional 40,778 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Altisource Portfolio Solutions during the 1st quarter worth approximately $94,000. Privium Fund Management UK Ltd acquired a new stake in shares of Altisource Portfolio Solutions during the 1st quarter worth approximately $177,000. Finally, Vanguard Group Inc. boosted its position in shares of Altisource Portfolio Solutions by 4.2% during the 1st 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. Institutional investors and hedge funds own 34.82% of the company’s stock.

Altisource Portfolio Solutions Company Profile

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Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform.

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