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

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

Viking Price Performance

Shares of NYSE:VIK opened at $44.41 on Monday. Viking has a 52 week low of $25.71 and a 52 week high of $47.62. The company’s 50 day moving average is $43.93 and its two-hundred day moving average is $37.73.

Hedge Funds Weigh In On Viking

Institutional investors and hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in Viking in the third quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Viking in the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking during the 2nd quarter worth about $68,000. SG Americas Securities LLC purchased a new stake in Viking during the third quarter worth approximately $181,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Viking in the third quarter valued at approximately $187,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VIK shares. Barclays reiterated an “equal weight” rating and issued a $49.00 price objective on shares of Viking in a research report on Friday, December 13th. Stifel Nicolaus increased their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Citigroup initiated coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and an average price target of $42.85.

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.