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 large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,060,000 shares, a decline of 12.4% from the March 31st total of 1,210,000 shares. Based on an average daily trading 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.

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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASPS. Black Maple Capital Management LP increased its stake in shares of Altisource Portfolio Solutions by 97.2% during the 4th quarter. Black Maple Capital Management LP now owns 39,439 shares of the business services provider’s stock worth $140,000 after purchasing an additional 19,439 shares in the last quarter. Raymond James & Associates increased its stake in shares of Altisource Portfolio Solutions by 67.0% during the 3rd quarter. Raymond James & Associates now owns 43,625 shares of the business services provider’s stock worth $174,000 after purchasing an additional 17,500 shares in the last quarter. Potomac Capital Management Inc. increased its stake in shares of Altisource Portfolio Solutions by 223.9% during the 3rd quarter. Potomac Capital Management Inc. now owns 146,115 shares of the business services provider’s stock worth $583,000 after purchasing an additional 101,000 shares in the last quarter. AWM Investment Company Inc. purchased a new position in shares of Altisource Portfolio Solutions during the 3rd quarter worth approximately $1,120,000. Finally, Foundry Partners LLC acquired a new stake in Altisource Portfolio Solutions during the third quarter worth approximately $1,796,000. 41.36% of the stock is owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Stock Up 5.3 %

Shares of ASPS stock traded up $0.10 during trading hours on Friday, hitting $1.97. The company’s stock had a trading volume of 119,461 shares, compared to its average volume of 135,515. The business has a fifty day moving average of $2.24 and a 200-day moving average of $3.11. Altisource Portfolio Solutions has a twelve month low of $1.38 and a twelve month high of $6.79.

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

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.