Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Up 58.8% in August

Maywood Acquisition Corp. (NASDAQ:IPEX) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,494 shares, an increase of 58.8% from the August 15th total of 2,200 shares. Based on an average trading volume of 6,422 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Benchmark began coverage on Maywood Acquisition in a research note on Tuesday, August 4th. They issued a “buy” rating and a $14.00 price target on the stock. Weiss Ratings cut Maywood Acquisition from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.00.

Institutional Trading of Maywood Acquisition

A hedge fund recently bought a new position in Maywood Acquisition stock. Radcliffe Capital Management L.P. purchased a new stake in Maywood Acquisition Corp. (NASDAQ:IPEX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 112,061 shares of the company’s stock, valued at approximately $1,152,000. Radcliffe Capital Management L.P. owned approximately 0.94% of Maywood Acquisition as of its most recent SEC filing.

Maywood Acquisition Stock Performance

Shares of IPEX opened at $9.82 on Friday. The firm’s 50-day moving average is $10.23 and its two-hundred day moving average is $10.37. Maywood Acquisition has a twelve month low of $6.00 and a twelve month high of $13.02.

Maywood Acquisition (NASDAQ:IPEX) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter.

Maywood Acquisition Company Profile

Maywood Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

As a blank check company, Maywood Acquisition does not have significant ongoing operating activities, products or services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would result in a combined operating company.

The company’s filings should be consulted for the latest information regarding its proposed business combination, management team and geographic focus.