Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Up 417.1% in June

Maywood Acquisition Corp. (NASDAQ:IPEX) was the target of a significant increase in short interest in the month of 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. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,318 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Maywood Acquisition Stock Up 0.1%

IPEX stock traded up $0.01 during trading on Friday, hitting $10.51. 36,456 shares of the company’s stock were exchanged, compared to its average volume of 6,480. The firm’s 50-day moving average price is $10.46. Maywood Acquisition has a 52-week low of $10.08 and a 52-week high of $10.52.

Maywood Acquisition (NASDAQ:IPEX) last posted its quarterly earnings data 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 bought and sold shares of the business. Radcliffe Capital Management L.P. bought a new position in Maywood Acquisition during the fourth quarter worth $1,152,000. Magnetar Financial LLC acquired a new position in Maywood Acquisition in the 4th quarter valued at approximately $2,565,000. Meteora Capital LLC acquired a new position in shares of Maywood Acquisition during the 4th quarter valued at about $1,140,000. Finally, Virtu Financial LLC acquired a new position in Maywood Acquisition during the 4th quarter valued at $519,000.

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.