Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Up 105.0% in June

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,304 shares, an increase of 105.0% from the June 15th total of 636 shares. Based on an average trading volume of 10,446 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Maywood Acquisition Price Performance

Shares of Maywood Acquisition stock traded down $0.01 during midday trading on Thursday, reaching $10.53. The company had a trading volume of 117 shares, compared to its average volume of 14,812. The stock’s fifty day moving average is $10.49. Maywood Acquisition has a fifty-two week low of $10.08 and a fifty-two week high of $10.54.

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

Institutional Investors Weigh In On Maywood Acquisition

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

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.