Viking Holdings Ltd (NYSE:VIK) Sees Significant Decrease in Short Interest

Viking Holdings Ltd (NYSE:VIK) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 1,660,000 shares, a drop of 24.9% from the July 15th total of 2,210,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.2% of the shares of the stock are sold short.

Viking Trading Up 2.5 %

Shares of VIK traded up $0.83 during trading hours on Wednesday, reaching $34.21. 764,972 shares of the company traded hands, compared to its average volume of 1,764,643. The firm has a fifty day moving average price of $33.51. Viking has a 12 month low of $25.71 and a 12 month high of $37.25.

Viking (NYSE:VIK) last posted its quarterly earnings data on Wednesday, May 29th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.43. The business had revenue of $718.16 million for the quarter, compared to the consensus estimate of $705.70 million. On average, research analysts forecast that Viking will post 1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIK. Canada Pension Plan Investment Board purchased a new position in Viking in the second quarter worth about $2,063,879,000. Massachusetts Financial Services Co. MA purchased a new position in Viking in the second quarter worth about $73,247,000. Forest Avenue Capital Management LP purchased a new position in Viking in the second quarter worth about $58,008,000. D1 Capital Partners L.P. purchased a new position in Viking in the second quarter worth about $29,964,000. Finally, Davidson Kempner Capital Management LP purchased a new position in Viking in the second quarter worth about $13,576,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Melius assumed coverage on shares of Viking in a research report on Wednesday, May 22nd. They set a “buy” rating and a $37.00 price objective on the stock. UBS Group started coverage on shares of Viking in a research report on Tuesday, May 28th. They set a “buy” rating and a $35.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Viking from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, June 3rd. Bank of America lifted their target price on shares of Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Company started coverage on shares of Viking in a research report on Tuesday, May 28th. They issued an “overweight” rating and a $35.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.83.

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.