Exela Technologies, Inc. (NASDAQ:XELAP – Get Rating) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,400 shares, a drop of 43.3% from the February 28th total of 6,000 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is currently 0.3 days.

Exela Technologies Price Performance

Shares of NASDAQ XELAP opened at $1.78 on Tuesday. Exela Technologies has a 1 year low of $1.57 and a 1 year high of $10.96. The company's 50-day simple moving average is $2.12.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. UBS Group AG raised its holdings in Exela Technologies by 1,829.9% in the third quarter. UBS Group AG now owns 9,437 shares of the company's stock worth $46,000 after buying an additional 8,948 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new position in Exela Technologies in the third quarter worth about $733,000. BlackRock Inc. raised its holdings in Exela Technologies by 60.8% in the third quarter. BlackRock Inc. now owns 232,101 shares of the company's stock worth $1,126,000 after buying an additional 87,804 shares during the last quarter. Finally, Shay Capital LLC raised its holdings in Exela Technologies by 26.4% in the fourth quarter. Shay Capital LLC now owns 75,328 shares of the company's stock worth $220,000 after buying an additional 15,715 shares during the last quarter.

About Exela Technologies

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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).

Further Reading

• Get a free copy of the StockNews.com research report on Exela Technologies (XELAP)
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