Exela Technologies, Inc. (NASDAQ:XELAP) Short Interest Up 46.2% in April

Exela Technologies, Inc. (NASDAQ:XELAP) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,800 shares, a growth of 46.2% from the March 31st total of 2,600 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 1.3 days.

Exela Technologies Price Performance

NASDAQ XELAP opened at $1.82 on Friday. The stock has a fifty day moving average of $1.69 and a 200-day moving average of $1.78. Exela Technologies has a 52 week low of $1.10 and a 52 week high of $5.90.

Institutional Investors Weigh In On Exela Technologies

A hedge fund recently raised its stake in Exela Technologies stock. Gates Capital Management Inc. lifted its stake in Exela Technologies, Inc. (NASDAQ:XELAP) by 39.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,534 shares of the company’s stock after purchasing an additional 13,169 shares during the period. Exela Technologies accounts for approximately 0.0% of Gates Capital Management Inc.’s holdings, making the stock its 27th largest holding. Gates Capital Management Inc.’s holdings in Exela Technologies were worth $135,000 as of its most recent SEC filing.

Exela Technologies Company Profile

Exela Technologies, Inc provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. It operates in three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS).