Short Interest in Carnival Co. & plc (NYSE:CUK) Grows By 5.9%

Carnival Co. & plc (NYSE:CUKGet Rating) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 5,200,000 shares, an increase of 5.9% from the February 13th total of 4,910,000 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,770,000 shares, the days-to-cover ratio is currently 2.9 days.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $7.78 on Friday. Carnival Co. & has a 52 week low of $5.43 and a 52 week high of $19.52. The business has a 50-day simple moving average of $9.68 and a 200 day simple moving average of $8.54. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.52. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -1.50 and a beta of 2.26.

Carnival Co. & (NYSE:CUKGet Rating) last posted its earnings results on Wednesday, December 21st. The company reported ($0.85) EPS for the quarter. Carnival Co. & had a negative return on equity of 64.76% and a negative net margin of 50.07%. The business had revenue of $3.84 billion for the quarter.

Insider Buying and Selling

In related news, CFO David Bernstein sold 107,119 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $11.08, for a total transaction of $1,186,878.52. Following the completion of the transaction, the chief financial officer now directly owns 286,041 shares in the company, valued at $3,169,334.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new stake in Carnival Co. & during the fourth quarter worth about $27,000. Cetera Advisor Networks LLC lifted its stake in Carnival Co. & by 8.4% during the second quarter. Cetera Advisor Networks LLC now owns 14,882 shares of the company’s stock worth $118,000 after purchasing an additional 1,154 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Carnival Co. & during the second quarter worth about $142,000. Veriti Management LLC bought a new stake in Carnival Co. & during the third quarter worth about $136,000. Finally, Verition Fund Management LLC bought a new stake in Carnival Co. & during the second quarter worth about $180,000. Institutional investors own 16.15% of the company’s stock.

About Carnival Co. &

(Get Rating)

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.

Further Reading

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