Exela Technologies, Inc. (NASDAQ:XELA) was the target of a large increase in short interest in September. As of September 28th, there was short interest totalling 2,174,626 shares, an increase of 41.2% from the September 14th total of 1,540,278 shares. Based on an average daily trading volume, of 328,646 shares, the days-to-cover ratio is currently 6.6 days.
NASDAQ XELA opened at $6.00 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of -21.04. The company has a market cap of $1.08 billion, a PE ratio of -3.72 and a beta of 0.91. Exela Technologies has a one year low of $4.15 and a one year high of $7.34.
Exela Technologies (NASDAQ:XELA) last posted its earnings results on Thursday, August 9th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.12). The firm had revenue of $410.38 million for the quarter. Exela Technologies had a negative net margin of 14.28% and a negative return on equity of 31,672.80%. On average, sell-side analysts expect that Exela Technologies will post -0.39 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nantahala Capital Management LLC boosted its position in shares of Exela Technologies by 46.3% during the 2nd quarter. Nantahala Capital Management LLC now owns 6,662,582 shares of the company’s stock valued at $31,647,000 after acquiring an additional 2,109,103 shares during the last quarter. BlackRock Inc. bought a new position in shares of Exela Technologies during the 2nd quarter valued at approximately $11,107,000. 22NW LP bought a new position in shares of Exela Technologies during the 2nd quarter valued at approximately $2,363,000. Serengeti Asset Management LP boosted its position in shares of Exela Technologies by 92.4% during the 2nd quarter. Serengeti Asset Management LP now owns 433,000 shares of the company’s stock valued at $2,057,000 after acquiring an additional 208,000 shares during the last quarter. Finally, Northern Trust Corp bought a new position in shares of Exela Technologies during the 2nd quarter valued at approximately $1,977,000. Hedge funds and other institutional investors own 43.96% of the company’s stock.
XELA has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Exela Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Nomura reaffirmed a “buy” rating and set a $10.00 price objective on shares of Exela Technologies in a report on Sunday, August 12th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $9.00 price objective on shares of Exela Technologies in a report on Sunday, June 24th.
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).
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