Exela Technologies (NASDAQ:XELA) stock is continuing to head higher on Tuesday thanks to retail traders holding firm with their short-squeeze of XELA.
That short squeeze started yesterday and is saw shares of XELA stock run higher as retail investors piled into the company. The extra interest in Exela Technologies comes from Reddit and social media traders that are looking to push shorts out of the company.
Exela Technologies becoming the target of a short squeeze is no surprise. The company has a high short interest of 26% and was even named as a candidate for such a movement by experts. As such, today’s movement makes sense for those paying attention.
And there are more than just a few people keeping an eye on XELA stock. Retail traders are taking to Twitter (NYSE:TWTR) today to discuss the rise of the stock. Let’s take a look at what some of them have to say below!
XELA Stock: What Traders Are Saying Today
— Tofiq Fazlullah (@TOFIQFAZL) July 13, 2021
$XELA This is the move I was waiting for last week. Really nice
— Bogeyman (@Bogeyman_Calls) July 13, 2021
— Mr.BoltTrade (@MrChaseMcBolt) July 13, 2021
— Hannah Dixon (@hiannaxd) July 13, 2021
— Sharmila H. Viswasam (@RealtorStarShar) July 13, 2021
With all this extra talk about XELA stock today, the shares are seeing incredibly high trading. As of this writing, more than 350 million shares have changed hands. That’s a massive increase compared to the company’s daily average trading volume of about 38.3 million shares.
XELA stock was up 43.2% as of Tuesday afternoon.
Traders hungry for more stock market news today are in luck.
InvestorPlace.com has you covered with all of the latest stock market coverage. That includes the latest news concerning Bridgeline Digital (NASDAQ:BLIN), SCWorx (NASDAQ:WORX), and Orbsat (NASDAQ:OSAT). You can find all of that info by following the links below!
More Tuesday Stock Market News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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