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

Maywood Acquisition Corp. (NASDAQ:IPEX) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 636 shares, an increase of 417.1% from the May 31st total of 123 shares. Based on an average daily trading volume, of 5,318 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Maywood Acquisition Trading Up 0.1%

Shares of IPEX stock traded up $0.01 during trading on Friday, hitting $10.51. The company had a trading volume of 36,456 shares, compared to its average volume of 6,480. The stock’s 50-day simple moving average is $10.46. Maywood Acquisition has a one year low of $10.08 and a one year high of $10.52.

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

Institutional Investors Weigh In On Maywood Acquisition

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

Analyst Upgrades and Downgrades

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

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.