Short Interest in Carnival Co. & plc (NYSE:CUK) Grows By 13.8%

Carnival Co. & plc (NYSE:CUK) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 4,290,000 shares, an increase of 13.8% from the June 30th total of 3,770,000 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,940,000 shares, the days-to-cover ratio is currently 2.2 days.

Carnival Co. & Price Performance

NYSE:CUK traded down $0.02 during mid-day trading on Monday, hitting $15.84. 1,262,112 shares of the company’s stock traded hands, compared to its average volume of 2,024,907. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The company has a market cap of $2.97 billion, a PE ratio of 24.26 and a beta of 2.74. The firm’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $14.63. Carnival Co. & has a 1 year low of $9.77 and a 1 year high of $17.95.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion during the quarter. During the same period last year, the business earned ($0.31) earnings per share.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. acquired a new position in shares of Carnival Co. & in the second quarter valued at approximately $40,000. Palliser Capital UK Ltd grew its stake in Carnival Co. & by 29.4% in the 2nd quarter. Palliser Capital UK Ltd now owns 310,219 shares of the company’s stock worth $5,342,000 after acquiring an additional 70,555 shares during the period. QRG Capital Management Inc. raised its holdings in Carnival Co. & by 18.6% in the 2nd quarter. QRG Capital Management Inc. now owns 95,730 shares of the company’s stock valued at $1,648,000 after acquiring an additional 14,987 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Carnival Co. & by 595.8% during the 1st quarter. EntryPoint Capital LLC now owns 2,011 shares of the company’s stock worth $30,000 after purchasing an additional 1,722 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Carnival Co. & during the 1st quarter worth $9,001,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.