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

Bayview Acquisition Corp. (NASDAQ:BAYA) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 156 shares, a decrease of 76.8% from the December 15th total of 671 shares. Based on an average trading volume of 21,083 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 21,083 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Bayview Acquisition

An institutional investor recently raised its position in Bayview Acquisition stock. Wolverine Asset Management LLC raised its position in shares of Bayview Acquisition Corp. (NASDAQ:BAYA) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,976 shares of the company’s stock after acquiring an additional 2,879 shares during the quarter. Wolverine Asset Management LLC owned approximately 5.85% of Bayview Acquisition worth $2,330,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bayview Acquisition in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Bayview Acquisition Price Performance

BAYA opened at $11.87 on Wednesday. The firm’s fifty day simple moving average is $11.54 and its two-hundred day simple moving average is $11.31. Bayview Acquisition has a 52-week low of $10.74 and a 52-week high of $12.22.

Bayview Acquisition Company Profile

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.