Exela Technologies, Inc. (NASDAQ:XELA) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 808,677 shares, a decrease of 31.4% from the February 28th total of 1,178,372 shares. Based on an average daily volume of 83,876 shares, the short-interest ratio is presently 9.6 days.
XELA has been the subject of a number of analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $9.00 price objective on shares of Exela Technologies in a research report on Tuesday, March 19th. Morgan Stanley downgraded shares of Exela Technologies from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Finally, Zacks Investment Research downgraded shares of Exela Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 12th.
Shares of XELA traded up $0.01 during trading hours on Friday, reaching $3.80. The company had a trading volume of 112,732 shares, compared to its average volume of 93,148. The company has a market capitalization of $569.04 million, a PE ratio of -4.94 and a beta of 1.00. Exela Technologies has a 12-month low of $3.12 and a 12-month high of $7.34.
Exela Technologies (NASDAQ:XELA) last posted its earnings results on Monday, March 18th. The company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). The business had revenue of $399.64 million for the quarter. As a group, equities analysts forecast that Exela Technologies will post -0.45 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of XELA. Acadian Asset Management LLC acquired a new stake in shares of Exela Technologies during the 4th quarter worth about $59,000. Bank of America Corp DE boosted its position in shares of Exela Technologies by 133.6% in the fourth quarter. Bank of America Corp DE now owns 26,515 shares of the company’s stock worth $103,000 after acquiring an additional 15,165 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Exela Technologies in the third quarter worth approximately $104,000. Jane Street Group LLC acquired a new stake in shares of Exela Technologies in the third quarter worth approximately $187,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Exela Technologies in the third quarter worth approximately $211,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.
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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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