Exela Technologies, Inc. (NASDAQ:XELA – Get Rating) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 13,480,000 shares, a growth of 33.7% from the February 28th total of 10,080,000 shares. Based on an average daily trading volume, of 156,210,000 shares, the short-interest ratio is presently 0.1 days.
Exela Technologies Price Performance
XELA stock opened at $0.03 on Wednesday. Exela Technologies has a fifty-two week low of $0.03 and a fifty-two week high of $9.60. The stock has a market capitalization of $2.18 million, a P/E ratio of 0.00 and a beta of 1.71. The business has a 50-day moving average of $0.06 and a 200-day moving average of $0.19.
Get Exela Technologies alerts:Institutional Trading of Exela Technologies
Several institutional investors and hedge funds have recently bought and sold shares of XELA. JPMorgan Chase & Co. raised its holdings in Exela Technologies by 7,642,800.0% during the first quarter. JPMorgan Chase & Co. now owns 764,290 shares of the company's stock worth $318,000 after acquiring an additional 764,280 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Exela Technologies by 795.3% in the first quarter. Bank of New York Mellon Corp now owns 254,842 shares of the company's stock valued at $106,000 after buying an additional 226,376 shares during the period. Citigroup Inc. bought a new stake in Exela Technologies in the first quarter valued at approximately $27,000. BlackRock Inc. raised its stake in Exela Technologies by 119.9% in the first quarter. BlackRock Inc. now owns 4,846,933 shares of the company's stock valued at $2,018,000 after buying an additional 2,643,135 shares during the period. Finally, Vanguard Group Inc. raised its stake in Exela Technologies by 49.9% in the first quarter. Vanguard Group Inc. now owns 10,258,679 shares of the company's stock valued at $4,270,000 after buying an additional 3,416,298 shares during the period. Institutional investors own 17.40% of the company's stock.
Exela Technologies Company Profile
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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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