Bayview Acquisition Corp. (NASDAQ:BAYA) Short Interest Up 207,003.8% in May

Bayview Acquisition Corp. (NASDAQ:BAYA) was the recipient of a large growth in short interest in 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 company’s stock are short sold. Based on an average daily volume of 3,311 shares, the days-to-cover ratio is currently 16.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bayview Acquisition stock. Clear Street Group Inc. increased its holdings in Bayview Acquisition Corp. (NASDAQ:BAYA) by 2,875.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,354 shares of the company’s stock after purchasing an additional 32,233 shares during the quarter. Clear Street Group Inc. owned 0.96% of Bayview Acquisition worth $396,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

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

Bayview Acquisition Trading Down 0.7%

NASDAQ:BAYA traded down $0.09 during trading hours on Tuesday, reaching $11.96. The company had a trading volume of 2,824 shares, compared to its average volume of 5,550. Bayview Acquisition has a 1-year low of $10.81 and a 1-year high of $13.50. The business’s 50 day moving average price is $11.99 and its 200-day moving average price is $11.82.

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

Bayview Acquisition Company Profile

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.