Short Interest in Viking Holdings Ltd (NYSE:VIK) Rises By 59.7%

Viking Holdings Ltd (NYSE:VIK) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,180,000 shares, a growth of 59.7% from the November 30th total of 739,100 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial boosted their target price on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Stifel Nicolaus raised their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.85.

Viking Trading Down 2.7 %

NYSE:VIK opened at $44.41 on Monday. Viking has a 1-year low of $25.71 and a 1-year high of $47.62. The firm’s fifty day moving average price is $43.93 and its 200 day moving average price is $37.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VIK. Bank of New York Mellon Corp acquired a new stake in Viking in the second quarter valued at about $670,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viking in the 2nd quarter valued at approximately $11,685,000. Lisanti Capital Growth LLC purchased a new stake in shares of Viking in the second quarter valued at approximately $1,597,000. Ovata Capital Management Ltd acquired a new position in Viking during the second quarter worth $2,546,000. Finally, Valley Wealth Managers Inc. purchased a new position in Viking in the second quarter worth $35,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.