Exela Technologies, Inc. (NASDAQ:XELA) Short Interest Down 19.8% in January

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Exela Technologies, Inc. (NASDAQ:XELA) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,390,000 shares, a decline of 19.8% from the January 15th total of 2,980,000 shares. Approximately 5.5% of the shares of the company are short sold. Based on an average trading volume of 803,600 shares, the days-to-cover ratio is presently 3.0 days.

A number of institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC bought a new stake in Exela Technologies in the 2nd quarter valued at $48,000. Virtu Financial LLC bought a new stake in Exela Technologies in the 3rd quarter valued at $47,000. TimesSquare Capital Management LLC increased its holdings in Exela Technologies by 1.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,904,994 shares of the company’s stock valued at $3,428,000 after buying an additional 44,400 shares during the period. BlackRock Inc. increased its holdings in Exela Technologies by 2.2% in the 2nd quarter. BlackRock Inc. now owns 2,478,563 shares of the company’s stock valued at $5,429,000 after buying an additional 53,628 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Exela Technologies by 11.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,820,884 shares of the company’s stock valued at $3,988,000 after buying an additional 186,477 shares during the period. 45.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XELA stock opened at $0.30 on Friday. Exela Technologies has a 1 year low of $0.27 and a 1 year high of $4.40. The firm’s fifty day simple moving average is $0.39 and its 200 day simple moving average is $0.84. The firm has a market capitalization of $45.41 million, a P/E ratio of -0.16 and a beta of 1.44.

Exela Technologies (NASDAQ:XELA) last announced its earnings results on Tuesday, November 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.16). The company had revenue of $372.92 million for the quarter. As a group, equities analysts anticipate that Exela Technologies will post -1.48 EPS for the current fiscal year.

Separately, Zacks Investment Research reaffirmed a “sell” rating on shares of Exela Technologies in a research report on Saturday, January 11th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $5.06.

Exela Technologies Company Profile

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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