Viking Holdings Ltd (NYSE:VIK) Short Interest Update

Viking Holdings Ltd (NYSE:VIK) saw 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. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is presently 0.5 days.

Viking Stock Down 2.7 %

VIK stock opened at $44.41 on Monday. The business has a 50 day moving average of $43.93 and a 200 day moving average of $37.69. Viking has a twelve month low of $25.71 and a twelve month high of $47.62.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price objective on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective on the stock. Bank of America raised their target price on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company boosted 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. Finally, Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.85.

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC bought a new stake in Viking during the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of Viking during the second quarter valued at approximately $35,000. Sunbelt Securities Inc. bought a new stake in shares of Viking during the second quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new position in Viking in the 3rd quarter worth approximately $181,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Viking in the 3rd quarter valued at approximately $187,000. 98.84% of the stock is currently owned by institutional investors.

About Viking

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.