Exela Technologies, Inc. (NASDAQ:XELAP) Sees Large Decline in Short Interest

Exela Technologies, Inc. (NASDAQ:XELAP) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,400 shares, a drop of 31.4% from the October 15th total of 3,500 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is currently 0.9 days.

Exela Technologies Price Performance

XELAP opened at $1.00 on Friday. The stock’s 50 day moving average price is $1.35 and its 200-day moving average price is $1.61. Exela Technologies has a 52-week low of $0.61 and a 52-week high of $2.40.

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).