Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Down 37.2% in May

Maywood Acquisition Corp. (NASDAQ:IPEX) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 123 shares, a drop of 37.2% from the May 14th total of 196 shares. Based on an average trading volume of 3,237 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Maywood Acquisition

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Maywood Acquisition during the fourth quarter worth $519,000. Meteora Capital LLC bought a new position in Maywood Acquisition in the fourth quarter valued at $1,140,000. Radcliffe Capital Management L.P. bought a new position in Maywood Acquisition in the fourth quarter valued at $1,152,000. Finally, Magnetar Financial LLC bought a new position in Maywood Acquisition in the fourth quarter valued at $2,565,000.

Maywood Acquisition Price Performance

IPEX stock opened at $10.49 on Monday. The stock has a 50-day simple moving average of $10.45. Maywood Acquisition has a 1-year low of $10.06 and a 1-year high of $10.51.

Maywood Acquisition (NASDAQ:IPEX) last issued its earnings results on Friday, May 15th. The company reported $0.02 EPS for the quarter.

Analyst Ratings Changes

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 MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.