Exela Technologies, Inc. (NASDAQ:XELAP – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 17,900 shares, an increase of 23.4% from the November 30th total of 14,500 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is currently 1.9 days.
Exela Technologies Stock Performance
XELAP opened at $3.17 on Friday. Exela Technologies has a twelve month low of $1.57 and a twelve month high of $12.50. The company has a 50-day moving average of $3.43.
Get Exela Technologies alerts:Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Exela Technologies by 1,829.9% in the third quarter. UBS Group AG now owns 9,437 shares of the company's stock valued at $46,000 after acquiring an additional 8,948 shares during the last quarter. BlackRock Inc. boosted its stake 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 last quarter. Finally, Cantor Fitzgerald L. P. purchased a new position in Exela Technologies in the third quarter valued at about $733,000.
About Exela Technologies
(Get Rating)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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