Short Interest in Viking Holdings Ltd (NYSE:VIK) Expands By 28.5%

Viking Holdings Ltd (NYSE:VIK) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 750,300 shares, a growth of 28.5% from the October 31st total of 584,000 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Viking Price Performance

NYSE:VIK opened at $46.45 on Monday. The business’s 50-day moving average is $40.35 and its two-hundred day moving average is $35.60. Viking has a 12 month low of $25.71 and a 12 month high of $47.62.

Institutional Trading of Viking

Several institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC bought a new position in shares of Viking in the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new position in Viking in the 2nd quarter worth about $35,000. American National Bank acquired a new stake in Viking during the 2nd quarter valued at $68,000. Sunbelt Securities Inc. acquired a new position in shares of Viking in the 2nd quarter valued at about $68,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Viking during the third quarter worth $181,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Stifel Nicolaus upped their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Barclays increased their target price on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Bank of America boosted their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viking has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.