Short Interest in Bayview Acquisition Corp. (NASDAQ:BAYA) Declines By 42.7%

Bayview Acquisition Corp. (NASDAQ:BAYA) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 551 shares, a decline of 42.7% from the February 26th total of 962 shares. Based on an average daily trading volume, of 1,094 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Bayview Acquisition

Several institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new position in shares of Bayview Acquisition in the 4th quarter worth $1,331,000. Clear Street Group Inc. grew its position in shares of 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 buying an additional 32,233 shares during the last quarter. Berkley W R Corp lifted 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 valued at $3,327,000 after acquiring an additional 15,883 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in Bayview Acquisition by 1.4% during the third quarter. Wolverine Asset Management LLC now owns 202,976 shares of the company’s stock valued at $2,330,000 after acquiring an additional 2,879 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Bayview Acquisition Trading Down 0.4%

Shares of Bayview Acquisition stock opened at $11.90 on Friday. The stock has a 50 day moving average price of $11.84 and a 200-day moving average price of $11.56. Bayview Acquisition has a one year low of $10.81 and a one year high of $12.24.

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.