Short Interest in Viking Acquisition Corp. I (NYSE:VACI) Rises By 82.8%

Viking Acquisition Corp. I (NYSE:VACI) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 217,197 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Viking Acquisition Corp. I in a research note 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 data from MarketBeat, Viking Acquisition Corp. I currently has a consensus rating of “Sell”.

Viking Acquisition Corp. I Trading Up 3.2%

Shares of VACI traded up $0.27 during trading hours on Thursday, hitting $8.77. The company had a trading volume of 14,787 shares, compared to its average volume of 182,511. Viking Acquisition Corp. I has a one year low of $6.10 and a one year high of $12.74. The business’s fifty day moving average price is $9.53.

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

Institutional Investors Weigh In On Viking Acquisition Corp. I

An institutional investor recently bought a new position in Viking Acquisition Corp. I stock. Sona Asset Management US LLC acquired a new position in Viking Acquisition Corp. I (NYSE:VACI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 128,614 shares of the company’s stock, valued at approximately $1,277,000. Sona Asset Management US LLC owned approximately 0.54% of Viking Acquisition Corp. I at the end of the most recent reporting period.

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.