Short Interest Update on Maxwell Technologies (MXWL)

Maxwell Technologies (MXWL) : Traders are negative on Maxwell Technologies (MXWL), as it has 4.9% of short positions outstanding compared to its float. The total shorts have reduced by -226,447 shares, which is a -12.9% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,755,637 to 1,529,190 shares. While the daily trading volume of the stock is 315,096, there are 5 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Maxwell Technologies (NASDAQ:MXWL): The stock opened at $5.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.25 for the day. The stock traded down to $5.06 during the day, due to lack of any buying support eventually closed down at $5.10 with a loss of -2.67% for the day. The stock had closed at $5.24 on the previous day. The total traded volume was 134,997 shares.


In a related news, Howsmon Roger L, director of Maxwell Technologies Inc, executed a transaction worth $11,060 on May 19, 2016. A total of 2,000 shares were purchased at an average price of $5.53. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Maxwell Technologies, Inc. develops, manufactures and markets energy storage and power delivery products and microelectronic products. The Company offers three product lines: ultracapacitors, high-voltage capacitors and radiation-hardened microelectronic products. It offers ultracapacitor cells with capacitances ranging from one to 3,400 farads. It designs and manufactures CONDIS high-voltage capacitors, which include grading and coupling capacitors and electric voltage transformers. The Company offers radiation-hardened microelectronic products for satellites and space crafts that include single board computers and components. It also offers RADPAK packaging and shielding technology and architectures for radiation-hardened microelectronic products. The Company offers its products for transportation, industrial, information technology, and space and satellite applications, among others. It has operations in San Diego, California; Peoria, Arizona, and Rossens, Switzerland.

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