Bayview Acquisition Corp (NASDAQ:BAYAU) Sees Significant Decrease in Short Interest

Bayview Acquisition Corp (NASDAQ:BAYAU) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 5 shares, a decline of 95.0% from the June 15th total of 101 shares. Based on an average daily volume of 216 shares, the days-to-cover ratio is presently 0.0 days.

Bayview Acquisition Stock Performance

Shares of NASDAQ:BAYAU remained flat at $12.00 during trading on Friday. The stock’s 50-day moving average is $12.63 and its two-hundred day moving average is $12.15. Bayview Acquisition has a 12 month low of $11.85 and a 12 month high of $23.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bayview Acquisition stock. Clear Street Group Inc. acquired a new stake in shares of Bayview Acquisition Corp (NASDAQ:BAYAU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,704 shares of the company’s stock, valued at approximately $118,000.

Bayview Acquisition Company Profile

Bayview Acquisition Corp. (NASDAQ: BAYAU) is a special purpose acquisition company organized as a Delaware corporation in January 2021. The firm’s units trade on the Nasdaq Capital Market, and its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more operating businesses.

The company was sponsored by BayView Asset Management, L.P., an investment firm with decades of experience in real estate credit and structured finance.