Short Interest in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Grows By 12.9%

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,490,000 shares, an increase of 12.9% from the October 15th total of 3,090,000 shares. Currently, 9.7% of the shares of the company are sold short. Based on an average daily volume of 309,900 shares, the days-to-cover ratio is presently 11.3 days.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LIND shares. StockNews.com assumed coverage on Lindblad Expeditions in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Stifel Nicolaus cut their price objective on Lindblad Expeditions from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, September 15th. Finally, B. Riley started coverage on shares of Lindblad Expeditions in a research note on Friday, November 10th. They issued a “buy” rating and a $12.00 target price on the stock.

Lindblad Expeditions Price Performance

LIND stock opened at $7.95 on Thursday. The business has a fifty day moving average price of $7.01 and a 200 day moving average price of $9.10. Lindblad Expeditions has a fifty-two week low of $5.47 and a fifty-two week high of $12.46. The stock has a market capitalization of $424.45 million, a price-to-earnings ratio of -7.64 and a beta of 2.51.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Middle East FZE acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $30,000. New England Capital Financial Advisors LLC grew its position in shares of Lindblad Expeditions by 33.3% during the 1st quarter. New England Capital Financial Advisors LLC now owns 4,000 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the period. Barclays PLC grew its position in shares of Lindblad Expeditions by 533.3% during the 4th quarter. Barclays PLC now owns 9,018 shares of the company’s stock worth $69,000 after buying an additional 7,594 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in shares of Lindblad Expeditions during the 3rd quarter worth approximately $72,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Lindblad Expeditions by 98.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,021 shares of the company’s stock worth $73,000 after buying an additional 4,484 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

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.