Short Interest in Maywood Acquisition Corp. (NASDAQ:IPEX) Expands By 227.9%

Maywood Acquisition Corp. (NASDAQ:IPEX) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 2,200 shares, an increase of 227.9% from the July 30th total of 671 shares. Based on an average daily volume of 41,208 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Maywood Acquisition Stock Down 0.8%

Shares of NASDAQ IPEX traded down $0.09 during midday trading on Friday, reaching $10.60. 56,475 shares of the stock traded hands, compared to its average volume of 20,214. Maywood Acquisition has a one year low of $10.15 and a one year high of $10.70. The company’s 50 day moving average is $10.54 and its 200 day moving average is $10.46.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Maywood Acquisition in a research report on Wednesday, August 19th. Benchmark initiated coverage on shares of Maywood Acquisition in a research report on Tuesday, August 4th. They set a “buy” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.00.

Hedge Funds Weigh In On Maywood Acquisition

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

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.