Short Interest in Maywood Acquisition Corp. (NASDAQ:IPEX) Declines By 37.2%

Maywood Acquisition Corp. (NASDAQ:IPEX) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 123 shares, a decrease of 37.2% from the May 14th total of 196 shares. Based on an average daily volume of 3,237 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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.com, Maywood Acquisition presently has an average rating of “Sell”.

Maywood Acquisition Stock Performance

Shares of IPEX stock traded down $0.01 on Tuesday, reaching $10.49. The stock had a trading volume of 615 shares, compared to its average volume of 5,000. The stock’s 50-day moving average price is $10.45. Maywood Acquisition has a 12 month low of $10.07 and a 12 month high of $10.51.

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

Institutional Investors Weigh In On Maywood Acquisition

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Maywood Acquisition in the 4th quarter valued at $519,000. Meteora Capital LLC bought a new stake in Maywood Acquisition in the 4th quarter valued at $1,140,000. Radcliffe Capital Management L.P. bought a new stake in Maywood Acquisition in the 4th quarter valued at $1,152,000. Finally, Magnetar Financial LLC bought a new stake in Maywood Acquisition in the 4th quarter valued at $2,565,000.

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.