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.
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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