Maywood Acquisition Corp. (NASDAQ:IPEX) Stock Short Interest Rises 867.1%

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 33,789 shares, an increase of 867.1% from the August 31st total of 3,494 shares. Based on an average trading volume of 78,416 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Maywood Acquisition stock. Radcliffe Capital Management L.P. acquired a new stake in Maywood Acquisition Corp. (NASDAQ:IPEX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 at the end of the most recent quarter.

Wall Street Analyst Weigh In

IPEX has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Maywood Acquisition from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, September 8th. Benchmark initiated coverage on Maywood Acquisition in a report on Tuesday, August 4th. They issued a “buy” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Maywood Acquisition presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Maywood Acquisition Stock Down 19.6%

NASDAQ:IPEX traded down $1.82 on Thursday, hitting $7.48. The stock had a trading volume of 40,935 shares, compared to its average volume of 66,092. Maywood Acquisition has a 52 week low of $6.00 and a 52 week high of $13.02. The business’s fifty day moving average is $10.12 and its 200 day moving average is $10.33.

Maywood Acquisition (NASDAQ:IPEX) last issued its earnings results on Friday, August 14th. The company reported $0.03 earnings per share 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.