Carnival Co. & plc (NYSE:CUK) Short Interest Up 359.3% in June

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. Approximately 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is currently 1.9 days.

Carnival Co. & Stock Up 2.1 %

Shares of CUK stock traded up $0.34 during mid-day trading on Thursday, reaching $17.06. 3,203,151 shares of the company’s stock traded hands, compared to its average volume of 2,006,477. Carnival Co. & has a 12 month low of $9.77 and a 12 month high of $17.95. The company has a market cap of $3.20 billion, a P/E ratio of 26.24 and a beta of 2.62. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The company’s 50-day moving average price is $14.08 and its 200-day moving average price is $14.64.

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

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Carnival Co. & in the 4th quarter worth about $51,128,000. Acadian Asset Management LLC purchased a new position in Carnival Co. & in the 1st quarter worth about $9,001,000. Qube Research & Technologies Ltd purchased a new position in Carnival Co. & in the 3rd quarter worth about $5,048,000. Jump Financial LLC purchased a new position in Carnival Co. & in the 4th quarter worth about $2,553,000. Finally, Seven Eight Capital LP raised its position in Carnival Co. & by 11.3% in the 4th quarter. Seven Eight Capital LP now owns 133,568 shares of the company’s stock worth $2,252,000 after buying an additional 13,593 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

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.