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

Maywood Acquisition Corp. (NASDAQ:IPEX) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 276 shares, a decline of 94.5% from the April 15th total of 5,007 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 13,665 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Maywood Acquisition during the fourth quarter worth approximately $519,000. Meteora Capital LLC bought a new position in Maywood Acquisition in the fourth quarter valued at approximately $1,140,000. Radcliffe Capital Management L.P. acquired a new stake in Maywood Acquisition during the 4th quarter worth $1,152,000. Finally, Magnetar Financial LLC acquired a new stake in Maywood Acquisition during the 4th quarter worth $2,565,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Maywood Acquisition in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Maywood Acquisition Price Performance

IPEX stock traded up $0.01 during trading on Tuesday, hitting $10.45. The company had a trading volume of 393 shares, compared to its average volume of 16,327. The company has a 50-day simple moving average of $10.40. Maywood Acquisition has a 12 month low of $10.00 and a 12 month high of $10.46.

Maywood Acquisition (NASDAQ:IPEX) last released its earnings results on Monday, March 23rd. The company reported ($0.09) EPS for the quarter.

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.