Maxwell Technologies Inc. (MXWL) Short Interest Up 0.7% in April
Maxwell Technologies Inc. (NASDAQ:MXWL) saw a large increase in short interest in the month of April. As of April 28th, there was short interest totalling 1,574,659 shares, an increase of 0.7% from the April 13th total of 1,564,459 shares. Based on an average trading volume of 197,031 shares, the short-interest ratio is presently 8.0 days.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Highbridge Capital Management LLC acquired a new position in shares of Maxwell Technologies during the fourth quarter valued at about $204,000. Two Sigma Investments LP acquired a new position in shares of Maxwell Technologies during the fourth quarter valued at about $167,000. Russell Investments Group Ltd. acquired a new position in shares of Maxwell Technologies during the fourth quarter valued at about $440,000. Formula Growth Ltd. acquired a new position in shares of Maxwell Technologies during the third quarter valued at about $1,019,000. Finally, State Street Corp raised its position in shares of Maxwell Technologies by 16.0% in the fourth quarter. State Street Corp now owns 422,491 shares of the electronics maker’s stock valued at $2,164,000 after buying an additional 58,323 shares during the period. 50.22% of the stock is currently owned by institutional investors.
Shares of Maxwell Technologies (NASDAQ:MXWL) opened at 6.00 on Tuesday. Maxwell Technologies has a 1-year low of $4.20 and a 1-year high of $6.48. The company’s 50-day moving average is $5.86 and its 200 day moving average is $5.23. The firm’s market capitalization is $192.28 million.
Maxwell Technologies (NASDAQ:MXWL) last issued its earnings results on Tuesday, May 9th. The electronics maker reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. The company had revenue of $26.69 million for the quarter, compared to analyst estimates of $25.79 million. Maxwell Technologies had a negative net margin of 9.47% and a negative return on equity of 15.23%. The company’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. On average, analysts expect that Maxwell Technologies will post ($0.59) EPS for the current fiscal year.
A number of brokerages have recently weighed in on MXWL. Roth Capital set a $5.00 price target on shares of Maxwell Technologies and gave the stock a “hold” rating in a research note on Tuesday, February 28th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Maxwell Technologies in a research note on Wednesday, March 1st. Zacks Investment Research lowered shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Cowen and Company reaffirmed a “neutral” rating and issued a $6.00 price target (down from $7.00) on shares of Maxwell Technologies in a research note on Friday, April 14th. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $5.63.
COPYRIGHT VIOLATION NOTICE: “Maxwell Technologies Inc. (MXWL) Short Interest Up 0.7% in April” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/05/16/maxwell-technologies-inc-mxwl-short-interest-up-0-7-in-april.html.
About Maxwell Technologies
Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
Receive News & Ratings for Maxwell Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxwell Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.