Viking Acquisition Corp. I (NYSE:VACI) Short Interest Up 82.8% in August

Viking Acquisition Corp. I (NYSE:VACIGet Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 12,529 shares, a growth of 82.8% from the August 15th total of 6,854 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 217,197 shares, the short-interest ratio is presently 0.1 days.

Viking Acquisition Corp. I Price Performance

Viking Acquisition Corp. I stock traded up $0.39 during midday trading on Wednesday, reaching $7.25. The stock had a trading volume of 4,982 shares, compared to its average volume of 183,437. Viking Acquisition Corp. I has a 12 month low of $6.10 and a 12 month high of $12.74. The business has a fifty day moving average price of $9.61.

Viking Acquisition Corp. I (NYSE:VACIGet Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.03 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Viking Acquisition Corp. I in a research report on Friday, September 4th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Research Report on Viking Acquisition Corp. I

Hedge Funds Weigh In On Viking Acquisition Corp. I

An institutional investor recently bought a new stake in Viking Acquisition Corp. I stock. Sona Asset Management US LLC purchased a new stake in shares of Viking Acquisition Corp. I (NYSE:VACIFree Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 128,614 shares of the company’s stock, valued at approximately $1,277,000. Sona Asset Management US LLC owned approximately 0.54% of Viking Acquisition Corp. I at the end of the most recent quarter.

Viking Acquisition Corp. I Company Profile

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Viking Acquisition Corp. I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

Unlike an operating company, Viking Acquisition Corp. I does not have an established portfolio of products or services, manufacturing operations or a defined geographic market.

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