$Exela Technologies, Inc.(XELA)$ The hedge funds were shorting the stock price the whole day. They had pumped so much money to buy at $2.50 and many retail investor were so freaked out and panic to sell at low prices. Stop selling trust me, this will be the next GME or AMC.
That's why they are entering large order at low price.
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Comments
They have to cover back the short too, let's see how it goes tonight