Short Interest in Bayview Acquisition Corp. (NASDAQ:BAYA) Declines By 69.9%

Bayview Acquisition Corp. (NASDAQ:BAYA) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 25 shares, a drop of 69.9% from the June 15th total of 83 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 317 shares, the days-to-cover ratio is currently 0.1 days.

Bayview Acquisition Stock Performance

Shares of BAYA remained flat at $12.14 during midday trading on Friday. The company has a fifty day moving average of $12.07 and a 200 day moving average of $11.92. Bayview Acquisition has a 12-month low of $11.05 and a 12-month high of $13.50.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Bayview Acquisition

An institutional investor recently raised its position in Bayview Acquisition stock. Clear Street Group Inc. raised its position in Bayview Acquisition Corp. (NASDAQ:BAYA) by 2,875.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

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.