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

Maywood Acquisition Corp. (NASDAQ:IPEX) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 1,304 shares, an increase of 105.0% from the June 15th total of 636 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 10,446 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. One investment 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 Trading Up 0.0%

Shares of Maywood Acquisition stock traded up $0.01 on Wednesday, reaching $10.54. 1,050 shares of the stock were exchanged, compared to its average volume of 14,937. The firm’s 50 day simple moving average is $10.49. Maywood Acquisition has a one year low of $10.08 and a one year high of $10.54.

Maywood Acquisition (NASDAQ:IPEX) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Maywood Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the business. Magnetar Financial LLC acquired a new position in shares of Maywood Acquisition during the 4th quarter worth $2,565,000. Radcliffe Capital Management L.P. acquired a new stake in Maywood Acquisition in the fourth quarter valued at about $1,152,000. Meteora Capital LLC acquired a new stake in Maywood Acquisition in the fourth quarter valued at about $1,140,000. Finally, Virtu Financial LLC bought a new position in Maywood Acquisition in the fourth quarter valued at about $519,000.

About Maywood Acquisition

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.