Bayview Acquisition Corp. (NASDAQ:BAYA) Sees Large Increase in Short Interest

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Bayview Acquisition

Several hedge funds have recently added to or reduced their stakes in BAYA. Polar Asset Management Partners Inc. acquired a new position in Bayview Acquisition during the fourth quarter worth approximately $1,331,000. Clear Street Group Inc. lifted its holdings in Bayview Acquisition by 2,875.4% in the fourth quarter. Clear Street Group Inc. now owns 33,354 shares of the company’s stock valued at $396,000 after acquiring an additional 32,233 shares during the period. Wolverine Asset Management LLC boosted its holdings in Bayview Acquisition by 1.4% during the third quarter. Wolverine Asset Management LLC now owns 202,976 shares of the company’s stock worth $2,330,000 after buying an additional 2,879 shares in the last quarter. Finally, Berkley W R Corp grew its holdings in shares of Bayview Acquisition by 5.6% in the 2nd quarter. Berkley W R Corp now owns 298,371 shares of the company’s stock worth $3,327,000 after acquiring an additional 15,883 shares during the period.

Bayview Acquisition Trading Down 1.2%

Shares of Bayview Acquisition stock traded down $0.14 on Tuesday, hitting $11.86. 5,875 shares of the company were exchanged, compared to its average volume of 3,623. The company has a 50-day moving average price of $11.81 and a 200 day moving average price of $11.49. Bayview Acquisition has a 1-year low of $10.81 and a 1-year high of $12.24.

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.