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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Bayview Acquisition stock. Polar Asset Management Partners Inc. purchased a new stake in Bayview Acquisition Corp. (NASDAQ:BAYA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 approximately 3.25% of Bayview Acquisition as of its most recent filing with the Securities and Exchange Commission.

Bayview Acquisition Stock Performance

NASDAQ:BAYA opened at $12.12 on Friday. Bayview Acquisition has a 12 month low of $11.05 and a 12 month high of $13.50. The firm has a fifty day simple moving average of $12.04 and a two-hundred day simple moving average of $11.89.

Bayview Acquisition (NASDAQ:BAYA) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.03 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.