Bulls Target Cruise Stock After Activist Investor Stake

Core Viewpoint - Norwegian Cruise Line Holdings Ltd (NCLH) stock has increased by 6.9% to $22.97 following news that activist investor Elliott Investment Management has acquired over a 10% stake, aiming for improved performance and board changes [1] Stock Performance - The stock is rebounding from the $21 level, which served as resistance in late January, while facing overhead pressure at $24 [2] - NCLH has a 12% year-over-year deficit, indicating longer-term challenges [2] Short Interest - Short interest has decreased by 10.5% in the latest reporting period, with 35.84 million shares sold short, representing 7.9% of the stock's available float [3] - There remains a level of pessimism, as 11 out of 23 firms covering the stock have a "hold" recommendation [3] Options Activity - Options traders are exhibiting bullish behavior, with a 10-day call/put volume ratio of 4.62, ranking higher than 86% of annual readings [4] - There have been 15,000 calls exchanged, which is triple the intraday average, compared to 4,459 puts, with the February 25 call being the most active contract [4]