Short Interest in Maywood Acquisition Corp. (NASDAQ:IPEX) Decreases By 94.5%

Maywood Acquisition Corp. (NASDAQ:IPEX) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 276 shares, a drop of 94.5% from the April 15th total of 5,007 shares. Based on an average daily trading volume, of 13,665 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Maywood Acquisition

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Maywood Acquisition in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Maywood Acquisition Price Performance

Shares of Maywood Acquisition stock remained flat at $10.44 on Wednesday. 4,345 shares of the stock traded hands, compared to its average volume of 16,584. Maywood Acquisition has a 1 year low of $10.01 and a 1 year high of $10.46. The firm has a 50 day simple moving average of $10.40.

Maywood Acquisition (NASDAQ:IPEX) last posted its quarterly earnings results on Monday, March 23rd. The company reported ($0.09) EPS for the quarter.

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.