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

Bayview Acquisition Corp. (NASDAQ:BAYA) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 83 shares, a decline of 99.8% from the May 31st total of 53,847 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bayview Acquisition in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Bayview Acquisition

An institutional investor recently bought a new position in Bayview Acquisition stock. Polar Asset Management Partners Inc. purchased a new position in shares of Bayview Acquisition Corp. (NASDAQ:BAYA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 112,811 shares of the company’s stock, valued at approximately $1,331,000. Polar Asset Management Partners Inc. owned 3.25% of Bayview Acquisition as of its most recent SEC filing.

Bayview Acquisition Trading Down 0.3%

BAYA stock traded down $0.04 during trading on Thursday, hitting $12.05. The stock had a trading volume of 850 shares, compared to its average volume of 4,114. Bayview Acquisition has a twelve month low of $11.05 and a twelve month high of $13.50. The company’s 50-day moving average price is $12.04 and its two-hundred day moving average price is $11.89.

Bayview Acquisition (NASDAQ:BAYA) last released its earnings results on Wednesday, May 20th. The company reported $0.03 earnings per share (EPS) for the quarter.

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.