Viking Acquisition Corp. I (NYSE:VACI) Sees Significant Growth in Short Interest

Viking Acquisition Corp. I (NYSE:VACIGet Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,529 shares, an increase of 82.8% from the August 15th total of 6,854 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 217,197 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Viking Acquisition Corp. I

An institutional investor recently bought a new stake in Viking Acquisition Corp. I stock. Sona Asset Management US LLC bought a new position in shares of Viking Acquisition Corp. I (NYSE:VACIFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 128,614 shares of the company’s stock, valued at approximately $1,277,000. Sona Asset Management US LLC owned 0.54% of Viking Acquisition Corp. I as of its most recent SEC filing.

Viking Acquisition Corp. I Price Performance

NYSE:VACI traded up $0.39 during trading hours on Wednesday, reaching $7.25. The stock had a trading volume of 4,982 shares, compared to its average volume of 183,437. Viking Acquisition Corp. I has a 12-month low of $6.10 and a 12-month high of $12.74. The stock has a 50 day moving average of $9.61.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Viking Acquisition Corp. I in a report on Friday, September 4th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Viking Acquisition Corp. I presently has a consensus rating of “Sell”.

Read Our Latest Analysis on Viking Acquisition Corp. I

About Viking Acquisition Corp. I

(Get Free Report)

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.

See Also

Receive News & Ratings for Viking Acquisition Corp. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viking Acquisition Corp. I and related companies with MarketBeat.com's FREE daily email newsletter.