Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Short Interest Down 19.9% in July

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 658,600 shares, a decrease of 19.9% from the June 30th total of 822,700 shares. Based on an average daily volume of 152,300 shares, the short-interest ratio is currently 4.3 days. Approximately 7.9% of the company’s stock are sold short.

Shares of NASDAQ:ASPS opened at $13.43 on Friday. Altisource Portfolio Solutions has a 52-week low of $6.00 and a 52-week high of $23.58. The company has a 50-day simple moving average of $13.15 and a 200 day simple moving average of $12.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, April 30th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.08. Altisource Portfolio Solutions had a negative net margin of 52.72% and a negative return on equity of 242.64%. The business had revenue of $113.18 million during the quarter, compared to the consensus estimate of $122.15 million. On average, sell-side analysts expect that Altisource Portfolio Solutions will post -1.95 EPS for the current year.

In other news, major shareholder Deer Park Road Management Comp bought 131,179 shares of the stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $8.55 per share, for a total transaction of $1,121,580.45. 30.57% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Altisource Portfolio Solutions by 54.4% during the first quarter. JPMorgan Chase & Co. now owns 139,314 shares of the business services provider’s stock worth $1,069,000 after acquiring an additional 49,094 shares during the last quarter. Raymond James & Associates acquired a new stake in Altisource Portfolio Solutions during the first quarter worth approximately $305,000. FNY Investment Advisers LLC acquired a new stake in Altisource Portfolio Solutions during the second quarter worth approximately $571,000. Engineers Gate Manager LP acquired a new stake in Altisource Portfolio Solutions during the first quarter worth approximately $291,000. Finally, Two Sigma Advisers LP acquired a new stake in Altisource Portfolio Solutions during the first quarter worth approximately $276,000. Institutional investors and hedge funds own 52.96% of the company’s stock.

A number of research firms have issued reports on ASPS. Zacks Investment Research cut Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 1st. ValuEngine upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. B. Riley restated a “buy” rating and set a $15.00 price objective on shares of Altisource Portfolio Solutions in a research note on Tuesday, June 16th. Finally, Northland Securities restated a “neutral” rating on shares of Altisource Portfolio Solutions in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.00.

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 in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.

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