Viking Acquisition Corp. I (NYSE:VACI) Sees Significant Growth in Short Interest

Viking Acquisition Corp. I (NYSE:VACI – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 48,066 shares, an increase of 283.6% from the August 31st total of 12,529 shares. Based on an average daily volume of 31,632 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Viking Acquisition Corp. I

Viking Acquisition Corp. I Price Performance

VACI traded down $0.43 during trading on Friday, reaching $6.93. The company’s stock had a trading volume of 5,923 shares, compared to its average volume of 23,458. The stock has a fifty day simple moving average of $9.23. Viking Acquisition Corp. I has a 1 year low of $6.10 and a 1 year high of $12.74.

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

Institutional Trading of 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 position in shares of Viking Acquisition Corp. I (NYSE:VACI – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 128,614 shares of the company’s stock, valued at approximately $1,277,000. Sona Asset Management US LLC owned 0.54% of Viking Acquisition Corp. I as of its most recent SEC filing.

About Viking Acquisition Corp. I

(Get Free Report)

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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