Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Down 94.5% in April

Maywood Acquisition Corp. (NASDAQ:IPEX) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 276 shares, a decrease of 94.5% from the April 15th total of 5,007 shares. Based on an average trading volume of 13,665 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Maywood Acquisition

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Maywood Acquisition in the fourth quarter valued at $519,000. Meteora Capital LLC acquired a new position in Maywood Acquisition in the fourth quarter valued at $1,140,000. Radcliffe Capital Management L.P. acquired a new position in Maywood Acquisition in the fourth quarter valued at $1,152,000. Finally, Magnetar Financial LLC acquired a new position in Maywood Acquisition in the fourth quarter valued at $2,565,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Maywood Acquisition in a research report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maywood Acquisition presently has an average rating of “Sell”.

Maywood Acquisition Stock Down 0.1%

Shares of NASDAQ:IPEX traded down $0.01 on Monday, hitting $10.44. The company had a trading volume of 526 shares, compared to its average volume of 12,262. Maywood Acquisition has a 52-week low of $10.00 and a 52-week high of $10.46. The business has a 50 day moving average of $10.40.

Maywood Acquisition (NASDAQ:IPEX) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter.

Maywood Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.