Short Interest in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Drops By 15.7%

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 2,250,000 shares, a decrease of 15.7% from the February 28th total of 2,670,000 shares. Based on an average daily volume of 314,800 shares, the days-to-cover ratio is presently 7.1 days. Approximately 6.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently bought and sold shares of the business. Manchester Capital Management LLC raised its holdings in shares of Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after buying an additional 1,360 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Lindblad Expeditions during the 4th quarter worth approximately $38,000. Quantbot Technologies LP grew its stake in shares of Lindblad Expeditions by 307.7% in the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after purchasing an additional 6,071 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Lindblad Expeditions during the fourth quarter worth approximately $110,000. Finally, ProShare Advisors LLC acquired a new position in Lindblad Expeditions in the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Down 8.3 %

LIND traded down $0.79 during trading on Thursday, hitting $8.78. 179,259 shares of the stock were exchanged, compared to its average volume of 299,137. Lindblad Expeditions has a 1-year low of $6.35 and a 1-year high of $14.34. The stock has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.34. The firm has a market capitalization of $479.27 million, a P/E ratio of -11.71 and a beta of 3.12.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.