Viking Acquisition Corp. I (NYSE:VACI) Sees Large Increase in Short Interest

Viking Acquisition Corp. I (NYSE:VACI) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 48,066 shares, an increase of 283.6% from the August 31st total of 12,529 shares. Based on an average daily volume of 31,632 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Viking Acquisition Corp. I

A hedge fund recently bought a new stake in Viking Acquisition Corp. I stock. Sona Asset Management US LLC bought a new stake in Viking Acquisition Corp. I (NYSE:VACI) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 128,614 shares of the company’s stock, valued at approximately $1,277,000. Sona Asset Management US LLC owned about 0.54% of Viking Acquisition Corp. I at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Viking Acquisition Corp. I in a research note on Friday, September 4th. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Viking Acquisition Corp. I Price Performance

Shares of Viking Acquisition Corp. I stock opened at $6.93 on Monday. The company has a 50-day simple moving average of $9.23. Viking Acquisition Corp. I has a twelve month low of $6.10 and a twelve month high of $12.74.

Viking Acquisition Corp. I (NYSE:VACI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.03 earnings per share for the quarter.

About Viking Acquisition Corp. I

Viking Acquisition Corp. I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

Unlike an operating company, Viking Acquisition Corp. I does not have an established portfolio of products or services, manufacturing operations or a defined geographic market.