Viking Holdings Ltd (NYSE:VIK) Short Interest Up 48.8% in September

Viking Holdings Ltd (NYSE:VIK) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,380,000 shares, a growth of 48.8% from the August 31st total of 1,600,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Stifel Nicolaus lifted their target price on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Truist Financial began coverage on shares of Viking in a research note on Friday, June 21st. They set a “hold” rating and a $38.00 price target for the company. Finally, Morgan Stanley lifted their price objective on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.17.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Valley Wealth Managers Inc. acquired a new stake in shares of Viking in the second quarter valued at about $35,000. Sunbelt Securities Inc. purchased a new position in Viking in the second quarter valued at about $68,000. American National Bank acquired a new stake in shares of Viking during the 2nd quarter valued at approximately $68,000. Scientech Research LLC purchased a new stake in shares of Viking during the 2nd quarter worth approximately $200,000. Finally, O Neil Global Advisors Inc. acquired a new stake in shares of Viking in the 2nd quarter worth approximately $202,000.

Viking Trading Up 0.5 %

VIK traded up $0.18 during trading on Friday, reaching $34.95. The company’s stock had a trading volume of 2,261,252 shares, compared to its average volume of 1,848,306. The firm has a fifty day moving average of $34.04. Viking has a 52-week low of $25.71 and a 52-week high of $37.25.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, sell-side analysts predict that Viking will post 1.14 EPS for the current year.

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.