Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Update

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IPEX shares. Weiss Ratings raised shares of Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Benchmark assumed coverage on shares of Maywood Acquisition in a research report on Tuesday, August 4th. They issued a “buy” rating and a $14.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Hedge Funds Weigh In On Maywood Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Magnetar Financial LLC purchased a new position in Maywood Acquisition in the 4th quarter worth $2,565,000. Radcliffe Capital Management L.P. purchased a new stake in Maywood Acquisition during the fourth quarter valued at about $1,152,000. Meteora Capital LLC bought a new position in shares of Maywood Acquisition during the fourth quarter valued at about $1,140,000. Finally, Virtu Financial LLC bought a new position in shares of Maywood Acquisition during the fourth quarter valued at about $519,000.

Maywood Acquisition Price Performance

NASDAQ:IPEX traded down $0.18 during mid-day trading on Friday, reaching $10.52. The stock had a trading volume of 11,424 shares, compared to its average volume of 20,863. The company has a 50 day moving average price of $10.52. Maywood Acquisition has a one year low of $10.15 and a one year high of $10.70.

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

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.