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

Maywood Acquisition Corp. (NASDAQ:IPEX) saw a significant increase in short interest during 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,422 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark started coverage on Maywood Acquisition in a research note on Tuesday, August 4th. They set a “buy” rating and a $14.00 target price for the company. Weiss Ratings downgraded Maywood Acquisition from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.00.

Maywood Acquisition Stock Performance

NASDAQ IPEX traded up $0.80 during trading hours on Thursday, reaching $10.68. The company’s stock had a trading volume of 25,518 shares, compared to its average volume of 25,558. Maywood Acquisition has a 52 week low of $6.00 and a 52 week high of $12.11. The business has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.37.

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

Institutional Trading of Maywood Acquisition

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

About Maywood Acquisition

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.