Short Interest in Viking Holdings Ltd (NYSE:VIK) Rises By 59.7%

As of December 15th, 2024, Viking Holdings Ltd (NYSE:VIK) experienced a notable increase in short interest, which soared by 59.7% in December. The short interest reached a total of 1,180,000 shares, up from the previous month's total of 739,100 shares. This constitutes approximately 0.7% of the company’s total shares. With an average daily trading volume of 2,220,000 shares, the short-interest ratio currently stands at 0.5 days.

Wall Street Analysts Showcase Positive Outlook

Several analysts have provided insights into the stock's potential. On November 13th, Bank of America revised its price target for Viking from $40.00 to $51.00, assigning the stock a 'buy' rating. Following this, Citigroup began coverage of Viking on December 19th, also issuing a 'buy' rating with a target price set at $54.00. On November 18th, Stifel Nicolaus raised their price target from $39.00 to $50.00 and recommended a 'buy' rating. Truist Financial updated their price objective from $38.00 to $49.00 and suggested a 'hold' rating on December 2nd. Additionally, Morgan Stanley lifted its rating on Viking from 'equal weight' to 'overweight' on November 12th, increasing the target price from $37.00 to $49.00. Overall, three equity research analysts recommend holding the stock, while ten advocate for buying it. According to MarketBeat data, the consensus rating for Viking currently stands at 'Moderate Buy' with an average price target of $42.85.

Current Trading Trends

On December 27th, shares of NYSE VIK opened at $44.41. The stock has seen a one-year low of $25.71 and reached a one-year high of $47.62. The company's 50-day moving average price is $43.82, while the 200-day moving average price is $37.56.

Institutional Investment Activity

Recent transactions involving institutional investors show a mix of new buys and adjustments to existing holdings in Viking. The Bank of New York Mellon Corp acquired a new position valued at approximately $670,000 during the second quarter. Also in the second quarter, Allspring Global Investments Holdings LLC secured a new stake in Viking amounting to $11,685,000. Lisanti Capital Growth LLC and Ovata Capital Management Ltd also bought new stakes worth $1,597,000 and $2,546,000, respectively. Furthermore, Valley Wealth Managers Inc. joined in by acquiring a new position valued at $35,000. Currently, institutional investors own 98.84% of Viking's stock.

About Viking Holdings Ltd

Viking Holdings Ltd is engaged in passenger shipping and other modes of passenger transport across North America, the UK, and internationally. The company operates through two primary segments: River and Ocean. Additionally, Viking acts as a tour operator, providing activities related to tourism. As of December 31, 2023, Viking manages a fleet of 92 vessels, including 81 river ships, 9 ocean ships, and 2 expedition vessels.

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