Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Sees Large Decrease in Short Interest

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 890,500 shares, a drop of 14.4% from the December 31st total of 1,040,000 shares. Based on an average daily volume of 203,800 shares, the days-to-cover ratio is currently 4.4 days. Currently, 6.4% of the company’s shares are sold short.

Altisource Portfolio Solutions Stock Down 4.3 %

Shares of NASDAQ ASPS traded down $0.03 during midday trading on Friday, hitting $0.67. The stock had a trading volume of 91,753 shares, compared to its average volume of 130,871. The company has a fifty day moving average price of $0.73 and a 200 day moving average price of $1.00. The company has a market capitalization of $18.24 million, a price-to-earnings ratio of -0.47 and a beta of 0.90. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.17.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Altisource Portfolio Solutions in a report on Wednesday. They set a “sell” rating for the company.

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.