Maywood Acquisition Corp. (NASDAQ:IPEX) Short Interest Update

Key Points

• Short interest fell 70.5% to 671 shares as of July 31, down from 2,275 shares on July 15; short positions represented 0.0% of shares outstanding.
• Analyst sentiment is mixed, with one Buy and one Sell rating. The consensus rating is Hold, with a $14.00 price target after Benchmark initiated coverage with a Buy rating.
• IPEX shares opened at $10.62, near their 52-week high of $10.64, while the company reported quarterly EPS of $0.02. Several hedge funds, including Magnetar Financial, recently established positions.

Maywood Acquisition Corp. (NASDAQ:IPEX - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 671 shares, a decline of 70.5% from the July 15th total of 2,275 shares. Based on an average daily trading volume, of 55,267 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Analysts Set New Price Targets

A number of brokerages have issued reports on IPEX. Weiss Ratings raised shares of Maywood Acquisition from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday, May 22nd. Benchmark began coverage on shares of Maywood Acquisition in a research report on Tuesday, August 4th. They set a "buy" rating and a $14.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.00.

Maywood Acquisition Stock Performance

Shares of NASDAQ:IPEX opened at $10.62 on Thursday. The company has a 50 day moving average price of $10.52. Maywood Acquisition has a fifty-two week low of $10.15 and a fifty-two week high of $10.64.

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

Institutional Trading of Maywood Acquisition

Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Maywood Acquisition in the fourth quarter valued at about $519,000. Meteora Capital LLC bought a new position in shares of Maywood Acquisition during the 4th quarter valued at about $1,140,000. Radcliffe Capital Management L.P. bought a new position in shares of Maywood Acquisition during 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 approximately $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.

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