Exela Technologies, Inc. (NASDAQ:XELA) Short Interest Update


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Exela Technologies, Inc. (NASDAQ:XELA) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 3,780,000 shares, a growth of 48.2% from the March 15th total of 2,550,000 shares. Currently, 12.5% of the company’s stock are sold short. Based on an average daily trading volume, of 13,840,000 shares, the days-to-cover ratio is presently 0.3 days.

Shares of Exela Technologies stock opened at $1.82 on Friday. The firm has a market cap of $107.32 million, a PE ratio of -0.54 and a beta of 2.11. The firm’s 50-day simple moving average is $2.48 and its 200-day simple moving average is $1.82. Exela Technologies has a 1 year low of $0.52 and a 1 year high of $7.82.

In other Exela Technologies news, Director Par Chadha sold 100,000 shares of the business’s stock in a transaction on Monday, March 29th. The shares were sold at an average price of $2.22, for a total value of $222,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 53.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Exela Technologies by 2.1% in the 4th quarter. BlackRock Inc. now owns 197,951 shares of the company’s stock valued at $83,000 after purchasing an additional 4,080 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Exela Technologies by 4.2% in the 4th quarter. Squarepoint Ops LLC now owns 846,930 shares of the company’s stock valued at $352,000 after purchasing an additional 34,367 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Exela Technologies in the 4th quarter valued at about $98,000. Finally, Renaissance Technologies LLC raised its stake in shares of Exela Technologies by 723.9% in the 4th quarter. Renaissance Technologies LLC now owns 471,261 shares of the company’s stock valued at $196,000 after purchasing an additional 414,061 shares in the last quarter. Institutional investors and hedge funds own 18.32% of the company’s stock.

Exela Technologies Company Profile

Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

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