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

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,200 shares, an increase of 227.9% from the July 30th total of 671 shares. Based on an average daily trading volume, of 41,208 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Maywood Acquisition Stock Up 0.5%

Shares of NASDAQ:IPEX traded up $0.05 during midday trading on Thursday, hitting $10.65. The stock had a trading volume of 3,962 shares, compared to its average volume of 19,958. Maywood Acquisition has a 1 year low of $10.15 and a 1 year high of $10.70. The company’s 50 day moving average price is $10.53.

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Maywood Acquisition in a research note on Wednesday, August 19th. Benchmark started coverage on Maywood Acquisition in a report on Tuesday, August 4th. They issued a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.00.

Institutional Trading of Maywood Acquisition

A number of institutional investors have recently modified their holdings of IPEX. Virtu Financial LLC acquired a new position in Maywood Acquisition during the fourth quarter worth $519,000. Meteora Capital LLC acquired a new stake in Maywood Acquisition in the fourth quarter valued at $1,140,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Maywood Acquisition during the 4th quarter worth $1,152,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Maywood Acquisition during the 4th quarter worth $2,565,000.

Maywood Acquisition Company Profile

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.