Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Down 70.5% in July

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 671 shares, a decrease of 70.5% from the July 15th total of 2,275 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 55,267 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IPEX shares. 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. Benchmark assumed coverage on shares of Maywood Acquisition in a research report on Tuesday, August 4th. They set a “buy” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Maywood Acquisition currently has an average rating of “Hold” and an average target price of $14.00.

Maywood Acquisition Price Performance

NASDAQ:IPEX traded down $0.18 during mid-day trading on Friday, reaching $10.52. 11,424 shares of the company’s stock traded hands, compared to its average volume of 53,212. The firm’s 50 day moving average is $10.52. Maywood Acquisition has a 12-month low of $10.15 and a 12-month high of $10.70.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Maywood Acquisition during the 4th quarter valued at about $519,000. Meteora Capital LLC purchased a new stake in Maywood Acquisition in the fourth quarter worth about $1,140,000. Radcliffe Capital Management L.P. bought a new stake in Maywood Acquisition during the 4th quarter valued at approximately $1,152,000. Finally, Magnetar Financial LLC purchased a new position in shares of Maywood Acquisition during the 4th quarter worth approximately $2,565,000.

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.