Exela Technologies, Inc. (NASDAQ:XELAP – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 29th, there was short interest totalling 600 shares, a decline of 45.5% from the February 14th total of 1,100 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Exela Technologies
A number of institutional investors and hedge funds have recently modified their holdings of XELAP. UBS Group AG increased its position in shares of Exela Technologies by 1,829.9% during the third quarter. UBS Group AG now owns 9,437 shares of the company’s stock valued at $46,000 after purchasing an additional 8,948 shares during the period. BlackRock Inc. grew its position in Exela Technologies by 60.8% in the third quarter. BlackRock Inc. now owns 232,101 shares of the company’s stock valued at $1,126,000 after acquiring an additional 87,804 shares during the period. Shay Capital LLC grew its position in Exela Technologies by 26.4% in the fourth quarter. Shay Capital LLC now owns 75,328 shares of the company’s stock valued at $220,000 after acquiring an additional 15,715 shares during the period. Finally, Gates Capital Management Inc. grew its position in Exela Technologies by 39.5% in the third quarter. Gates Capital Management Inc. now owns 46,534 shares of the company’s stock valued at $135,000 after acquiring an additional 13,169 shares during the period.
Exela Technologies Trading Up 6.1 %
Shares of XELAP stock opened at $1.39 on Thursday. Exela Technologies has a 12 month low of $1.10 and a 12 month high of $5.90. The stock has a 50 day moving average of $1.42 and a 200-day moving average of $2.05.
Exela Technologies Company Profile
Exela Technologies, Inc provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS).
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