Altisource Portfolio Solutions Short Interest Up 40.4% in July (ASPS)
Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) were the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 2,553,280 shares, a growth of 40.4% from the June 30th total of 1,818,089 shares, AnalystRatings.Net reports. Approximately 16.9% of the company’s shares are sold short. Based on an average daily volume of 207,036 shares, the days-to-cover ratio is currently 12.3 days.
ASPS has been the subject of a number of recent research reports. Analysts at JMP Securities reiterated an “outperform” rating on shares of Altisource Portfolio Solutions in a research note on Wednesday, July 23rd. They now have a $38.00 price target on the stock, down previously from $40.00. Separately, analysts at Zacks upgraded shares of Altisource Portfolio Solutions from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $111.10 price target on the stock. Finally, analysts at Zacks downgraded shares of Altisource Portfolio Solutions from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $118.40 price target on the stock.
Altisource Portfolio Solutions (NASDAQ:ASPS) opened at 118.90 on Wednesday. Altisource Portfolio Solutions has a 52 week low of $94.56 and a 52 week high of $171.00. The stock’s 50-day moving average is $113.5 and its 200-day moving average is $115.9. The company has a market cap of $2.609 billion and a price-to-earnings ratio of 17.98.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings data on Thursday, July 24th. The company reported $22.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.79 by $20.61. The company had revenue of $263.20 million for the quarter, compared to the consensus estimate of $240.67 million. During the same quarter last year, the company posted $1.25 earnings per share. Altisource Portfolio Solutions’s revenue was up 59.1% compared to the same quarter last year. On average, analysts predict that Altisource Portfolio Solutions will post $7.62 earnings per share for the current fiscal year.
Altisource Portfolio Solutions SA(NASDAQ:ASPS), together with its subsidiaries, is a provider of services focused on technology-enabled, knowledge-based functions related to real estate and mortgage portfolio management, asset recovery and customer relationship management.
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