Exela Technologies, Inc. (NASDAQ:XELA – Get Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 33,230,000 shares, a growth of 37.5% from the April 15th total of 24,170,000 shares. Based on an average daily volume of 126,220,000 shares, the short-interest ratio is presently 0.3 days.
Exela Technologies Stock Performance
NASDAQ XELA opened at $0.03 on Thursday. The business’s 50-day moving average price is $0.04 and its 200 day moving average price is $0.10. The company has a market capitalization of $40.39 million, a PE ratio of 0.00 and a beta of 1.70. Exela Technologies has a twelve month low of $0.03 and a twelve month high of $6.80.
Hedge Funds Weigh In On Exela Technologies
Large investors have recently modified their holdings of the company. Citigroup Inc. bought a new stake in shares of Exela Technologies in the 1st quarter valued at approximately $27,000. Charles Schwab Investment Management Inc. boosted its position in Exela Technologies by 209.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 151,383 shares of the company’s stock valued at $64,000 after purchasing an additional 102,480 shares during the period. Northern Trust Corp boosted its position in Exela Technologies by 32.2% during the 2nd quarter. Northern Trust Corp now owns 724,663 shares of the company’s stock valued at $83,000 after purchasing an additional 176,709 shares during the period. Bank of New York Mellon Corp boosted its position in Exela Technologies by 795.3% during the 1st quarter. Bank of New York Mellon Corp now owns 254,842 shares of the company’s stock worth $106,000 after acquiring an additional 226,376 shares during the period. Finally, State Street Corp boosted its position in Exela Technologies by 145.2% during the 1st quarter. State Street Corp now owns 831,325 shares of the company’s stock worth $346,000 after acquiring an additional 492,259 shares during the period. 17.40% of the stock is currently owned by hedge funds and other 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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