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

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a large increase in short interest in 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 shares of the stock are short sold. Based on an average daily volume of 5,318 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Maywood Acquisition

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

Maywood Acquisition Trading Up 0.1%

Shares of NASDAQ:IPEX traded up $0.01 during trading hours on Friday, hitting $10.51. 36,456 shares of the company’s stock traded hands, compared to its average volume of 6,480. Maywood Acquisition has a 52 week low of $10.08 and a 52 week high of $10.52. The company’s fifty day simple moving average is $10.46.

Maywood Acquisition (NASDAQ:IPEX) last released its earnings results on Friday, May 15th. The company reported $0.02 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.