Bayview Acquisition Corp. (NASDAQ:BAYA) Short Interest Update

Bayview Acquisition Corp. (NASDAQ:BAYA) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 53,847 shares, a growth of 207,003.8% from the May 14th total of 26 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily volume of 3,311 shares, the short-interest ratio is presently 16.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bayview Acquisition stock. Clear Street Group Inc. raised its stake in Bayview Acquisition Corp. (NASDAQ:BAYA) by 2,875.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,354 shares of the company’s stock after buying an additional 32,233 shares during the period. Clear Street Group Inc. owned approximately 0.96% of Bayview Acquisition worth $396,000 as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Bayview Acquisition in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bayview Acquisition currently has a consensus rating of “Sell”.

Bayview Acquisition Stock Down 0.7%

NASDAQ BAYA opened at $11.96 on Wednesday. Bayview Acquisition has a 1 year low of $10.81 and a 1 year high of $13.50. The business’s fifty day moving average is $11.99 and its two-hundred day moving average is $11.83.

Bayview Acquisition (NASDAQ:BAYA) last posted its quarterly 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.