Short Interest in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Grows By 11.4%

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,040,000 shares, a growth of 11.4% from the December 31st total of 933,800 shares. Based on an average trading volume of 200,100 shares, the short-interest ratio is currently 5.2 days. Currently, 7.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a report on Wednesday, January 29th. They set a “sell” rating for the company.

Altisource Portfolio Solutions Trading Down 1.6 %

ASPS stock traded down $0.01 during mid-day trading on Monday, reaching $0.66. The company’s stock had a trading volume of 37,032 shares, compared to its average volume of 135,981. The company has a market cap of $17.94 million, a price-to-earnings ratio of -0.47 and a beta of 0.90. Altisource Portfolio Solutions has a 12 month low of $0.43 and a 12 month high of $3.17. The business’s 50 day moving average price is $0.73 and its 200 day moving average price is $1.00.

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.