Short Interest in Maywood Acquisition Corp. (NASDAQ:IPEX) Decreases By 70.5%

Maywood Acquisition Corp. (NASDAQ:IPEX) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 671 shares, a decrease of 70.5% from the July 15th total of 2,275 shares. Based on an average trading volume of 55,267 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

IPEX has been the topic of several research reports. Weiss Ratings raised shares of Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Benchmark assumed coverage on Maywood Acquisition in a report on Tuesday, August 4th. They set a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.00.

Institutional Investors Weigh In On Maywood Acquisition

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

Maywood Acquisition Price Performance

NASDAQ:IPEX opened at $10.62 on Thursday. Maywood Acquisition has a 1-year low of $10.15 and a 1-year high of $10.64. The firm has a fifty day moving average price of $10.52.

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

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.