Bayview Acquisition Corp (NASDAQ:BAYAU) Sees Significant Drop in Short Interest

by · The Markets Daily

Bayview Acquisition Corp (NASDAQ:BAYAU – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 5 shares, a decline of 95.0% from the June 15th total of 101 shares. Based on an average daily volume of 216 shares, the days-to-cover ratio is currently 0.0 days.

Bayview Acquisition Stock Performance

BAYAU stock remained flat at $12.00 during trading on Friday. Bayview Acquisition has a 1-year low of $11.85 and a 1-year high of $23.00. The company’s fifty day moving average is $12.63 and its two-hundred day moving average is $12.15.

Institutional Investors Weigh In On Bayview Acquisition

An institutional investor recently bought a new position in Bayview Acquisition stock. Clear Street Group Inc. acquired a new position in shares of Bayview Acquisition Corp (NASDAQ:BAYAU – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,704 shares of the company’s stock, valued at approximately $118,000.

Bayview Acquisition Company Profile

(Get Free Report)

Bayview Acquisition Corp. (NASDAQ: BAYAU) is a special purpose acquisition company organized as a Delaware corporation in January 2021. The firm’s units trade on the Nasdaq Capital Market, and its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more operating businesses.

The company was sponsored by BayView Asset Management, L.P., an investment firm with decades of experience in real estate credit and structured finance.

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