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

Bayview Acquisition Corp (NASDAQ:BAYAGet Free Report) was the target of a significant 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 volume of 28,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Bayview Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAYA. Periscope Capital Inc. acquired a new position in shares of Bayview Acquisition during the 1st quarter valued at about $2,623,000. Karpus Management Inc. raised its stake in Bayview Acquisition by 19.6% during the first quarter. Karpus Management Inc. now owns 145,400 shares of the company’s stock worth $1,466,000 after purchasing an additional 23,825 shares during the period. Berkley W R Corp purchased a new stake in Bayview Acquisition during the first quarter valued at about $249,000. Murchinson Ltd. acquired a new stake in Bayview Acquisition during the first quarter worth about $2,719,000. Finally, Shaolin Capital Management LLC purchased a new position in shares of Bayview Acquisition in the 1st quarter worth about $2,518,000.

Bayview Acquisition Stock Performance

BAYA stock remained flat at $10.63 on Friday. The company had a trading volume of 5 shares, compared to its average volume of 4,528. The firm’s 50-day moving average price is $10.51 and its two-hundred day moving average price is $10.35. Bayview Acquisition has a 12-month low of $10.01 and a 12-month high of $10.69.

Bayview Acquisition Company Profile

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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.

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