Exela Technologies, Inc. (NASDAQ:XELAP) Short Interest Update

Exela Technologies, Inc. (NASDAQ:XELAP) saw a significant growth in short interest in 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 volume of 2,900 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Exela Technologies

An institutional investor recently raised its position in Exela Technologies stock. Gates Capital Management Inc. grew its position in Exela Technologies, Inc. (NASDAQ:XELAP) by 39.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,534 shares of the company’s stock after acquiring an additional 13,169 shares during the quarter. Exela Technologies comprises 0.0% of Gates Capital Management Inc.’s holdings, making the stock its 27th largest position. Gates Capital Management Inc.’s holdings in Exela Technologies were worth $135,000 at the end of the most recent reporting period.

Exela Technologies Trading Up 1.4 %

Shares of XELAP stock opened at $1.82 on Monday. The business’s 50 day moving average is $1.69 and its two-hundred day moving average is $1.77. Exela Technologies has a 12-month low of $1.10 and a 12-month high of $5.90.

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).