Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Short Interest Update

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 2,250,000 shares, a drop of 15.7% from the February 28th total of 2,670,000 shares. Based on an average daily volume of 314,800 shares, the short-interest ratio is currently 7.1 days. Currently, 6.1% of the shares of the company are sold short.

Lindblad Expeditions Stock Down 6.9 %

Shares of Lindblad Expeditions stock traded down $0.59 on Friday, reaching $8.01. 638,814 shares of the stock were exchanged, compared to its average volume of 302,507. Lindblad Expeditions has a twelve month low of $6.35 and a twelve month high of $14.34. The business has a 50 day moving average price of $11.17 and a two-hundred day moving average price of $11.31. The firm has a market capitalization of $437.23 million, a price-to-earnings ratio of -10.68 and a beta of 3.12.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in Lindblad Expeditions by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company's stock valued at $2,736,000 after purchasing an additional 3,087 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company's stock worth $74,000 after buying an additional 6,071 shares during the last quarter. PDT Partners LLC acquired a new stake in Lindblad Expeditions during the third quarter worth about $556,000. Paloma Partners Management Co acquired a new stake in Lindblad Expeditions during the third quarter worth about $122,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Lindblad Expeditions by 4.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 87,124 shares of the company's stock valued at $806,000 after acquiring an additional 3,693 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

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.