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

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

Institutional Trading of Bayview Acquisition

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

Bayview Acquisition Stock Down 0.7%

Shares of BAYA traded down $0.09 during mid-day trading on Tuesday, hitting $11.96. 2,824 shares of the company were exchanged, 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 company has a 50 day moving average of $11.99 and a 200-day moving average of $11.82.

Bayview Acquisition (NASDAQ:BAYA) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.03 earnings per share for the 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently 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.