Short Interest in Bayview Acquisition Corp. (NASDAQ:BAYA) Rises By 701.7%

Bayview Acquisition Corp. (NASDAQ:BAYA) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 962 shares, a growth of 701.7% from the February 12th total of 120 shares. Based on an average daily volume of 3,548 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,548 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC raised 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 buying an additional 2,879 shares during the last quarter. Clear Street Group Inc. grew its holdings in Bayview Acquisition by 2,875.4% in 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. Polar Asset Management Partners Inc. purchased a new position in shares of Bayview Acquisition in the fourth quarter valued at about $1,331,000. Finally, Berkley W R Corp increased its position in shares of Bayview Acquisition by 5.6% in the second quarter. Berkley W R Corp now owns 298,371 shares of the company’s stock valued at $3,327,000 after acquiring an additional 15,883 shares during the period.

Bayview Acquisition Stock Performance

BAYA opened at $11.86 on Wednesday. The stock’s 50 day simple moving average is $11.82 and its 200 day simple moving average is $11.50. Bayview Acquisition has a 1 year low of $10.81 and a 1 year high of $12.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Bayview Acquisition in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.