Carnival Co. & plc (NYSE:CUK) Short Interest Update

Carnival Co. & plc (NYSE:CUK) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,880,000 shares, an increase of 359.3% from the May 31st total of 844,800 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds and other institutional investors have recently modified their holdings of CUK. EntryPoint Capital LLC raised its position in Carnival Co. & by 595.8% in the first quarter. EntryPoint Capital LLC now owns 2,011 shares of the company’s stock worth $30,000 after acquiring an additional 1,722 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Carnival Co. & in the first quarter worth about $9,001,000. QRG Capital Management Inc. bought a new stake in Carnival Co. & in the first quarter worth about $1,189,000. BNP Paribas Financial Markets purchased a new position in Carnival Co. & in the 1st quarter worth about $76,000. Finally, Virtu Financial LLC purchased a new position in Carnival Co. & in the 4th quarter worth about $210,000. 23.80% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Shares of CUK traded up $0.17 during midday trading on Friday, hitting $17.22. 3,255,813 shares of the stock traded hands, compared to its average volume of 2,016,558. Carnival Co. & has a 1-year low of $9.77 and a 1-year high of $17.95. The firm has a market capitalization of $3.23 billion, a PE ratio of 26.49 and a beta of 2.62. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The business’s 50 day moving average price is $14.08 and its two-hundred day moving average price is $14.64.

Carnival Co. & (NYSE:CUK) last announced its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.20%. The company had revenue of $5.78 billion during the quarter. During the same period last year, the firm posted ($0.31) EPS.

About Carnival Co. &

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.