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

Bayview Acquisition Corp. (NASDAQ:BAYA) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 303 shares, a decline of 45.0% from the March 15th total of 551 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 230 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

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

Bayview Acquisition Price Performance

Shares of Bayview Acquisition stock opened at $11.93 on Tuesday. The company’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $11.62. Bayview Acquisition has a 52-week low of $10.81 and a 52-week high of $12.24.

Institutional Investors Weigh In On Bayview Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC boosted its stake in shares of Bayview Acquisition by 1.4% in 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 in the last quarter. Clear Street Group Inc. boosted its stake 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 valued at $396,000 after purchasing an additional 32,233 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Bayview Acquisition in the 4th quarter valued at $1,331,000.

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.