Exela Technologies, Inc. (NASDAQ:XELA) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 1,362,700 shares, an increase of 14.7% from the May 30th total of 1,188,200 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 155,700 shares, the short-interest ratio is presently 8.8 days.
XELA has been the subject of a number of research reports. Zacks Investment Research raised shares of ZovioInc . from a “sell” rating to a “hold” rating in a research note on Sunday. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Evolus in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $7.56.
Shares of Exela Technologies stock opened at $2.14 on Monday. Exela Technologies has a 52-week low of $1.65 and a 52-week high of $7.34. The stock has a market cap of $321.31 million, a PE ratio of -2.78 and a beta of 1.35. The firm has a fifty day simple moving average of $2.09.
Exela Technologies (NASDAQ:XELA) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.03). The firm had revenue of $403.77 million for the quarter. On average, analysts anticipate that Exela Technologies will post -0.35 EPS for the current year.
In other Exela Technologies news, Director Ex-Sigma 2 Llc sold 13,234,848 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $1.65, for a total value of $21,837,499.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James Reynolds acquired 247,630 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average cost of $1.65 per share, with a total value of $408,589.50. The disclosure for this purchase can be found here. 53.10% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Exela Technologies in the 4th quarter valued at $59,000. Bank of America Corp DE raised its holdings in Exela Technologies by 133.6% during the 4th quarter. Bank of America Corp DE now owns 26,515 shares of the company’s stock valued at $103,000 after buying an additional 15,165 shares during the last quarter. Rhumbline Advisers raised its holdings in Exela Technologies by 50.4% during the 4th quarter. Rhumbline Advisers now owns 60,173 shares of the company’s stock valued at $234,000 after buying an additional 20,165 shares during the last quarter. SG Americas Securities LLC bought a new stake in Exela Technologies during the 1st quarter valued at $72,000. Finally, Bank of New York Mellon Corp raised its holdings in Exela Technologies by 27.1% during the 4th quarter. Bank of New York Mellon Corp now owns 193,514 shares of the company’s stock valued at $753,000 after buying an additional 41,216 shares during the last quarter. 43.72% of the stock is owned by institutional investors.
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).
See Also: Intrinsic Value
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