Time to Reconsider Exela Technologies Inc (NASDAQ:XELA) After Less Short Sellers?

The stock of Exela Technologies Inc (NASDAQ:XELA) registered a decrease of 11.06% in short interest. XELA’s total short interest was 1.29 million shares in July as published by FINRA. Its down 11.06% from 1.45 million shares, reported previously. With 58,500 shares average volume, it will take short sellers 22 days to cover their XELA’s short positions. The short interest to Exela Technologies Inc’s float is 3.61%.

The stock increased 3.38% or $0.07 during the last trading session, reaching $2.14. About 41,930 shares traded. Exela Technologies, Inc. (NASDAQ:XELA) has declined 29.86% since July 14, 2018 and is downtrending. It has underperformed by 34.29% the S&P500.

Exela Technologies, Inc. provides transaction processing solutions and enterprise information management services worldwide. The company has market cap of $321.31 million. The firm combines proprietary IP and knowledge platforms to provide integrated, technology-enabled services through an end-to-end delivery model. It currently has negative earnings. It offers financial services and payment solutions, healthcare well-known provider solutions, insurance solutions, legal and litigation services, loss prevention services, unified communication services, business and big data management services, revenue enhancement services, and managed services.

More notable recent Exela Technologies, Inc. (NASDAQ:XELA) news were published by: Globenewswire.com which released: “Exela Technologies, Inc. to Announce Third Quarter 2018 Financial Results and Host a Conference Call on November 8, 2018 – GlobeNewswire” on October 17, 2018, also Fool.com with their article: “Exela Technologies, Inc. (XELA) Q4 2018 Earnings Conference Call Transcript – Motley Fool” published on March 18, 2019, Seekingalpha.com published: “Greenlight adds Teekay position, closes Shutterfly – Seeking Alpha” on May 15, 2019. More interesting news about Exela Technologies, Inc. (NASDAQ:XELA) were released by: Globenewswire.com and their article: “Exela Technologies Announces the Opening of its Fourth Innovation Center – GlobeNewswire” published on November 15, 2018 as well as Seekingalpha.com‘s news article titled: “LB, NBR, UVV and WMS among midday movers – Seeking Alpha” with publication date: May 23, 2019.

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