Maywood Acquisition Corp. (NASDAQ:IPEX) Sees Significant Decline in Short Interest

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 123 shares, a decline of 37.2% from the May 14th total of 196 shares. Based on an average daily trading volume, of 3,237 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in shares of Maywood Acquisition during the fourth quarter valued at about $2,565,000. Radcliffe Capital Management L.P. acquired a new position in shares of Maywood Acquisition during the fourth quarter valued at about $1,152,000. Meteora Capital LLC acquired a new position in shares of Maywood Acquisition during the fourth quarter valued at about $1,140,000. Finally, Virtu Financial LLC acquired a new position in shares of Maywood Acquisition during the fourth quarter valued at about $519,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maywood Acquisition presently has a consensus rating of “Sell”.

Maywood Acquisition Price Performance

Maywood Acquisition stock traded down $0.01 during midday trading on Wednesday, reaching $10.48. The stock had a trading volume of 615 shares, compared to its average volume of 5,000. Maywood Acquisition has a 12 month low of $10.07 and a 12 month high of $10.51. The business has a fifty day moving average price of $10.45.

Maywood Acquisition (NASDAQ:IPEX) last issued its earnings results on Friday, May 15th. The company reported $0.02 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.