Bayview Acquisition Corp. (NASDAQ:BAYA) Sees Significant Decline in Short Interest

Bayview Acquisition Corp. (NASDAQ:BAYA) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 551 shares, a drop of 42.7% from the February 26th total of 962 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,094 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Bayview Acquisition in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bayview Acquisition currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Polar Asset Management Partners Inc. acquired a new position in Bayview Acquisition during the fourth quarter worth approximately $1,331,000. Clear Street Group Inc. increased its holdings in shares of Bayview Acquisition by 2,875.4% during the 4th quarter. Clear Street Group Inc. now owns 33,354 shares of the company’s stock worth $396,000 after acquiring an additional 32,233 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in Bayview Acquisition by 1.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 202,976 shares of the company’s stock valued at $2,330,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Berkley W R Corp boosted its position in Bayview Acquisition by 5.6% during the second quarter. Berkley W R Corp now owns 298,371 shares of the company’s stock worth $3,327,000 after purchasing an additional 15,883 shares during the period.

Bayview Acquisition Trading Down 0.2%

BAYA stock traded down $0.03 during midday trading on Friday, reaching $11.92. 1,564 shares of the company’s stock traded hands, compared to its average volume of 2,076. The company has a 50-day simple moving average of $11.84 and a two-hundred day simple moving average of $11.55. Bayview Acquisition has a 1-year low of $10.81 and a 1-year high of $12.24.

About Bayview Acquisition

Bayview Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and trading on the Nasdaq under the symbol BAYA. The firm was formed to raise capital through an initial public offering of units comprised of Class A ordinary shares and warrants. As a blank‐check company, Bayview Acquisition’s primary objective is to complete a merger, stock purchase, asset acquisition or similar business combination with one or more businesses.

Bayview Acquisition focuses on identifying and partnering with companies in the global travel, leisure, hospitality and related technology sectors.