Altisource Asset Management Corp (NYSEAMERICAN:AAMC) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 23,000 shares, a drop of 17.3% from the September 30th total of 27,800 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.6% of the company’s shares are sold short.
NYSEAMERICAN:AAMC opened at $11.42 on Wednesday. Altisource Asset Management has a 12-month low of $7.60 and a 12-month high of $50.00.
An institutional investor recently raised its position in Altisource Asset Management stock. Twin Securities Inc. grew its holdings in shares of Altisource Asset Management Corp (NYSEAMERICAN:AAMC) by 8.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,122 shares of the asset manager’s stock after buying an additional 5,587 shares during the period. Altisource Asset Management accounts for about 0.3% of Twin Securities Inc.’s holdings, making the stock its 10th largest holding. Twin Securities Inc. owned about 4.34% of Altisource Asset Management worth $795,000 as of its most recent SEC filing.
Altisource Asset Management Company Profile
Altisource Asset Management Corporation, an asset management company, provides portfolio management and corporate governance services to institutional investors in the United States. The company offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families.
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