Bayview Acquisition Corp. (NASDAQ:BAYA) Short Interest Up 701.7% in February

Bayview Acquisition Corp. (NASDAQ:BAYA) was the target 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. Based on an average trading volume of 3,548 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,548 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Bayview Acquisition

Several hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. purchased a new position in shares of Bayview Acquisition during the 4th quarter valued at $1,331,000. Clear Street Group Inc. increased its holdings in Bayview Acquisition by 2,875.4% in the 4th quarter. Clear Street Group Inc. now owns 33,354 shares of the company’s stock worth $396,000 after acquiring an additional 32,233 shares during the last quarter. Berkley W R Corp raised its stake in Bayview Acquisition by 5.6% in the 2nd quarter. Berkley W R Corp now owns 298,371 shares of the company’s stock valued at $3,327,000 after acquiring an additional 15,883 shares during the period. Finally, Wolverine Asset Management LLC raised its stake 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 acquiring an additional 2,879 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Bayview Acquisition in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Bayview Acquisition Stock Performance

BAYA stock traded down $0.03 during mid-day trading on Thursday, hitting $11.88. The company had a trading volume of 2,876 shares, compared to its average volume of 5,918. Bayview Acquisition has a 12 month low of $10.81 and a 12 month high of $12.24. The stock’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $11.50.

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.