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

Maywood Acquisition Corp. (NASDAQ:IPEXGet Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,304 shares, a growth of 105.0% from the June 15th total of 636 shares. Based on an average daily volume of 10,446 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on IPEX

Maywood Acquisition Price Performance

Shares of NASDAQ:IPEX traded down $0.01 on Friday, hitting $10.53. The company had a trading volume of 114 shares, compared to its average volume of 14,689. The stock’s 50 day moving average is $10.49. Maywood Acquisition has a 1-year low of $10.08 and a 1-year high of $10.54.

Maywood Acquisition (NASDAQ:IPEXGet Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Maywood Acquisition

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

About Maywood Acquisition

(Get Free Report)

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.

Further Reading

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