Short Interest in Bayview Acquisition Corp. (NASDAQ:BAYA) Increases By 701.7%

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

Analyst Upgrades and Downgrades

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

Bayview Acquisition Stock Down 1.2%

Shares of NASDAQ:BAYA traded down $0.14 during mid-day trading on Tuesday, hitting $11.86. The stock had a trading volume of 5,875 shares, compared to its average volume of 3,623. Bayview Acquisition has a 12-month low of $10.81 and a 12-month high of $12.24. The company’s 50 day moving average is $11.81 and its 200-day moving average is $11.49.

Institutional Investors Weigh In On Bayview Acquisition

Hedge funds have recently bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new stake in shares of Bayview Acquisition in the fourth quarter valued at approximately $1,331,000. Clear Street Group Inc. boosted its stake in shares of Bayview Acquisition by 2,875.4% in the 4th quarter. Clear Street Group Inc. now owns 33,354 shares of the company’s stock valued at $396,000 after purchasing an additional 32,233 shares in the last quarter. Berkley W R Corp grew its stake in Bayview Acquisition by 5.6% during the second quarter. Berkley W R Corp now owns 298,371 shares of the company’s stock worth $3,327,000 after buying an additional 15,883 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Bayview Acquisition by 1.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 202,976 shares of the company’s stock valued at $2,330,000 after purchasing an additional 2,879 shares during the last 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.