Exela Technologies, Inc. (NASDAQ:XELA) Short Interest Up 28.0% in June

Exela Technologies, Inc. (NASDAQ:XELA) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 866,500 shares, a growth of 28.0% from the June 15th total of 676,900 shares. Approximately 13.7% of the shares of the company are short sold. Based on an average daily trading volume, of 243,200 shares, the short-interest ratio is presently 3.6 days.

Exela Technologies Trading Up 3.4 %

Exela Technologies stock opened at $2.45 on Friday. The business’s 50 day simple moving average is $2.44 and its 200 day simple moving average is $2.45. Exela Technologies has a 12 month low of $1.83 and a 12 month high of $6.59. The company has a market cap of $15.61 million, a price-to-earnings ratio of -0.27 and a beta of 1.95.

Exela Technologies (NASDAQ:XELA) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $4.27 earnings per share (EPS) for the quarter. The business had revenue of $258.81 million during the quarter.

About Exela Technologies

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).