Maxwell Technologies June 15th Short Interest Update

Maxwell Technologies (NASDAQ:MXWL) has seen a rise of 39,620 shares or 3.7% in the short interest. The remaining shorts are 3.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 1,110,290 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 163,757 shares. On May 31,2016, 1,070,670 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Maxwell Technologies (NASDAQ:MXWL): The stock opened at $5.35 on Friday but the bulls could not build on the opening and the stock topped out at $5.35 for the day. The stock traded down to $5.00 during the day, due to lack of any buying support eventually closed down at $5.05 with a loss of -5.78% for the day. The stock had closed at $5.36 on the previous day. The total traded volume was 3,207,052 shares.

The company shares have dropped -12.33% from its 1 Year high price. On Dec 28, 2015, the shares registered one year high at $8.04 and the one year low was seen on Jul 28, 2015. The 50-Day Moving Average price is $5.46 and the 200 Day Moving Average price is recorded at $6.08.

Stocks of Maxwell Technologies (NASDAQ:MXWL) rallied by 1% during the past week but lost 10.94% on a 4-week basis. The company has outperformed the S&P 500 by 2.68% in the past week but underperformed the index by 8.24% in the last 4 weeks.

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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