Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Down 12.4% in April

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) 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. Based on an average daily volume of 111,800 shares, the days-to-cover ratio is currently 9.5 days. Currently, 8.7% of the shares of the stock are short sold.

Institutional Trading of Altisource Portfolio Solutions

A number of large investors have recently added to or reduced their stakes in ASPS. Black Maple Capital Management LP grew its holdings in shares of Altisource Portfolio Solutions by 97.2% in the fourth quarter. Black Maple Capital Management LP now owns 39,439 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 19,439 shares in the last quarter. Cannell Capital LLC grew its stake in shares of Altisource Portfolio Solutions by 51.1% in the 4th 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 in the last quarter. Foundry Partners LLC increased its holdings in shares of Altisource Portfolio Solutions by 32.1% in the 4th quarter. Foundry Partners LLC now owns 594,430 shares of the business services provider’s stock worth $2,116,000 after buying an additional 144,430 shares during the last quarter. Raymond James & Associates raised its position in shares of Altisource Portfolio Solutions by 35.5% during the 4th quarter. Raymond James & Associates now owns 59,125 shares of the business services provider’s stock valued at $210,000 after buying an additional 15,500 shares in the last quarter. Finally, Potomac Capital Management Inc. lifted its holdings in shares of Altisource Portfolio Solutions by 223.9% in the 3rd quarter. Potomac Capital Management Inc. now owns 146,115 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 101,000 shares during the last quarter. Institutional investors own 41.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Altisource Portfolio Solutions Price Performance

Shares of NASDAQ ASPS traded up $0.04 during mid-day trading on Tuesday, reaching $2.02. The company’s stock had a trading volume of 84,546 shares, compared to its average volume of 131,199. The stock has a fifty day moving average of $2.22 and a two-hundred day moving average of $3.08. The firm has a market capitalization of $54.46 million, a PE ratio of -0.90 and a beta of 1.04. Altisource Portfolio Solutions has a 52 week low of $1.38 and a 52 week high of $6.79.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, March 7th. The business services provider reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The business had revenue of $32.21 million for the quarter, compared to analyst estimates of $34.36 million. Analysts anticipate that Altisource Portfolio Solutions will post -0.92 EPS for the current fiscal year.

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.