Short Interest in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Decreases By 15.7%

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,250,000 shares, a decline 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 short sold.

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock traded down $0.01 on Wednesday, hitting $9.57. The stock had a trading volume of 338,289 shares, compared to its average volume of 299,579. The stock has a 50 day moving average of $11.29 and a 200 day moving average of $11.34. Lindblad Expeditions has a twelve month low of $6.35 and a twelve month high of $14.34. The firm has a market capitalization of $522.39 million, a P/E ratio of -12.76 and a beta of 3.12.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Lindblad Expeditions has an average rating of "Moderate Buy" and a consensus target price of $14.25.

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Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently modified their holdings of LIND. Manchester Capital Management LLC raised its position in Lindblad Expeditions by 91.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock worth $34,000 after purchasing an additional 1,360 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Lindblad Expeditions in the fourth quarter worth approximately $38,000. Quantbot Technologies LP increased its position in Lindblad Expeditions by 307.7% during the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company's stock valued at $74,000 after purchasing an additional 6,071 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Lindblad Expeditions during the fourth quarter worth $110,000. Finally, ProShare Advisors LLC bought a new position in Lindblad Expeditions during the fourth quarter worth $120,000. Institutional investors 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.