Viking Acquisition Corp. II (NYSE:VII) Sees Significant Increase in Short Interest

Viking Acquisition Corp. II (NYSE:VII) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,499 shares, an increase of 390.7% from the October 15th total of 713 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 53,546 shares, the days-to-cover ratio is presently 0.1 days.

Viking Acquisition Corp. II Price Performance

VII traded down $0.04 on Wednesday, reaching $9.81. The company had a trading volume of 108 shares, compared to its average volume of 50,727. Viking Acquisition Corp. II has a 1 year low of $9.78 and a 1 year high of $9.90. The stock’s 50-day simple moving average is $9.83.

Viking Acquisition Corp. II Company Profile

Viking Acquisition Corp. II (NYSE: VII) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses. Unlike an operating company, Viking Acquisition Corp. II does not manufacture products or provide ongoing commercial services of its own. Its activities are focused on evaluating potential acquisition targets, conducting due diligence and seeking approval for a transaction that would allow a private company to become publicly traded.