Exela Technologies, Inc. (NASDAQ:XELAP) Sees Significant Decrease in Short Interest

Exela Technologies, Inc. (NASDAQ:XELAPGet 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

(Get Free Report)

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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