Short Interest in Carnival Co. & plc (NYSE:CUK) Drops By 15.4%

Carnival Co. & plc (NYSE:CUK) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,250,000 shares, a decline of 15.4% from the October 15th total of 3,840,000 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 1.7 days.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Carnival Co. & by 10.6% during the third quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock valued at $105,000 after purchasing an additional 599 shares in the last quarter. Blue Trust Inc. lifted its position in Carnival Co. & by 34.6% during the third quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock valued at $54,000 after buying an additional 802 shares during the period. EntryPoint Capital LLC boosted its holdings 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 valued at $30,000 after buying an additional 1,722 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Carnival Co. & in the 2nd quarter worth about $48,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Carnival Co. & in the 1st quarter worth about $76,000. Institutional investors own 23.80% of the company’s stock.

Carnival Co. & Trading Up 0.1 %

CUK stock traded up $0.03 on Friday, reaching $22.10. The company’s stock had a trading volume of 1,164,817 shares, compared to its average volume of 1,980,746. The firm has a market cap of $4.15 billion, a PE ratio of 19.73 and a beta of 2.71. The business has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $16.01. Carnival Co. & has a 12-month low of $12.49 and a 12-month high of $22.57. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CUK) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $7.90 billion for the quarter.

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.