Bayview Acquisition Corp. (NASDAQ:BAYA) Short Interest Down 90.6% in May

Bayview Acquisition Corp. (NASDAQ:BAYA) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 26 shares, a decrease of 90.6% from the April 30th total of 277 shares. Based on an average daily trading volume, of 2,244 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Bayview Acquisition Stock Performance

BAYA traded down $0.49 during midday trading on Friday, hitting $12.17. 11,199 shares of the company traded hands, compared to its average volume of 2,426. Bayview Acquisition has a 52-week low of $10.81 and a 52-week high of $13.50. The business has a 50 day simple moving average of $11.97 and a two-hundred day simple moving average of $11.79.

Hedge Funds Weigh In On Bayview Acquisition

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

Wall Street Analysts Forecast Growth

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

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.