Exela Technologies, Inc. (NASDAQ:XELA – Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 784,300 shares, a growth of 55.5% from the July 31st total of 504,300 shares. Based on an average daily volume of 608,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 12.3% of the company’s stock are sold short.
Exela Technologies Stock Performance
NASDAQ XELA opened at $4.19 on Tuesday. Exela Technologies has a twelve month low of $2.62 and a twelve month high of $218.00. The stock’s 50 day moving average is $4.95 and its 200 day moving average is $11.18.
Institutional Investors Weigh In On Exela Technologies
Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new position in shares of Exela Technologies in the first quarter worth $27,000. Charles Schwab Investment Management Inc. boosted its stake in Exela Technologies by 209.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 151,383 shares of the company’s stock valued at $64,000 after buying an additional 102,480 shares during the last quarter. Bank of New York Mellon Corp raised its position in Exela Technologies by 795.3% during the first quarter. Bank of New York Mellon Corp now owns 254,842 shares of the company’s stock valued at $106,000 after purchasing an additional 226,376 shares during the period. Northern Trust Corp raised its position in Exela Technologies by 94.3% during the first quarter. Northern Trust Corp now owns 547,954 shares of the company’s stock valued at $228,000 after purchasing an additional 265,934 shares during the period. Finally, Geode Capital Management LLC raised its position in Exela Technologies by 28.8% during the first quarter. Geode Capital Management LLC now owns 720,370 shares of the company’s stock valued at $28,000 after purchasing an additional 160,916 shares during the period. 6.75% of the stock is owned by institutional investors.
About Exela Technologies
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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