Carnival Co. & plc (NYSE:CUK) Sees Large Increase in Short Interest

Carnival Co. & plc (NYSE:CUK) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is currently 1.9 days. Approximately 2.7% of the shares of the company are sold short.

Carnival Co. & Price Performance

Shares of NYSE CUK traded up $0.17 during midday trading on Friday, reaching $17.22. 3,257,149 shares of the stock traded hands, compared to its average volume of 2,130,507. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The stock has a market capitalization of $3.23 billion, a PE ratio of 26.49 and a beta of 2.62. Carnival Co. & has a one year low of $9.77 and a one year high of $17.95. The company’s 50 day moving average is $14.17 and its 200 day moving average is $14.65.

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

Institutional Trading of Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of CUK. EntryPoint Capital LLC increased its stake 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 purchasing an additional 1,722 shares during the period. GAMMA Investing LLC purchased a new stake in Carnival Co. & in the fourth quarter worth $33,000. Quadrant Capital Group LLC increased its stake in Carnival Co. & by 131.3% in the fourth quarter. Quadrant Capital Group LLC now owns 3,300 shares of the company’s stock worth $56,000 after purchasing an additional 1,873 shares during the period. BNP Paribas Financial Markets purchased a new stake in Carnival Co. & in the first quarter worth $76,000. Finally, Qtron Investments LLC purchased a new stake in Carnival Co. & in the fourth quarter worth $201,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.