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

Bayview Acquisition Corp (NASDAQ:BAYA) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 400 shares, a decrease of 20.0% from the October 15th total of 500 shares. Based on an average daily trading volume, of 28,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Bayview Acquisition Stock Performance

Shares of BAYA stock remained flat at $10.63 during mid-day trading on Friday. 5 shares of the company’s stock were exchanged, compared to its average volume of 4,522. The company has a 50-day moving average price of $10.52 and a 200-day moving average price of $10.35. Bayview Acquisition has a 12-month low of $10.01 and a 12-month high of $10.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clear Street LLC raised its holdings in shares of Bayview Acquisition by 408.3% during the second quarter. Clear Street LLC now owns 19,402 shares of the company’s stock valued at $199,000 after acquiring an additional 15,585 shares in the last quarter. Berkley W R Corp purchased a new stake in shares of Bayview Acquisition in the 1st quarter worth about $249,000. Walleye Trading LLC bought a new stake in shares of Bayview Acquisition during the 3rd quarter valued at about $663,000. Walleye Capital LLC purchased a new position in shares of Bayview Acquisition during the third quarter valued at about $1,178,000. Finally, Karpus Management Inc. raised its stake in Bayview Acquisition by 19.6% in the first quarter. Karpus Management Inc. now owns 145,400 shares of the company’s stock worth $1,466,000 after buying an additional 23,825 shares in the last quarter.

About Bayview Acquisition

Bayview Acquisition Corp is a blank check company. It formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Bayview Acquisition Corp is based in Cayman Islands.