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

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 1,000,000 shares, a decrease of 8.3% from the July 15th total of 1,090,000 shares. Approximately 7.3% of the shares of the company are sold short. Based on an average daily volume of 122,100 shares, the short-interest ratio is currently 8.2 days.

Altisource Portfolio Solutions Stock Up 5.9 %

NASDAQ ASPS opened at $1.08 on Monday. The stock has a market capitalization of $29.12 million, a P/E ratio of -0.49 and a beta of 0.95. Altisource Portfolio Solutions has a 52-week low of $1.00 and a 52-week high of $4.70. The firm has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.90.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.04. The firm had revenue of $36.86 million for the quarter, compared to analysts’ expectations of $38.32 million. On average, equities research analysts expect that Altisource Portfolio Solutions will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Deer Park Road Corp raised its holdings in Altisource Portfolio Solutions by 0.7% during the second quarter. Deer Park Road Corp now owns 4,277,138 shares of the business services provider’s stock worth $6,031,000 after purchasing an additional 28,162 shares in the last quarter. Foundry Partners LLC grew its position in Altisource Portfolio Solutions by 3.8% during the first quarter. Foundry Partners LLC now owns 617,274 shares of the business services provider’s stock worth $1,198,000 after buying an additional 22,844 shares during the period. Black Maple Capital Management LP grew its position in Altisource Portfolio Solutions by 97.2% during the fourth quarter. Black Maple Capital Management LP now owns 39,439 shares of the business services provider’s stock worth $140,000 after buying an additional 19,439 shares during the period. Cannell Capital LLC grew its position in Altisource Portfolio Solutions by 51.1% during the fourth quarter. Cannell Capital LLC now owns 1,233,385 shares of the business services provider’s stock worth $4,391,000 after buying an additional 417,043 shares during the period. Finally, Raymond James & Associates grew its position in Altisource Portfolio Solutions by 35.5% during the fourth quarter. Raymond James & Associates now owns 59,125 shares of the business services provider’s stock worth $210,000 after buying an additional 15,500 shares during the period. 41.36% of the stock is owned by hedge funds and other institutional investors.

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.