Short Interest in Carnival Co. & plc (NYSE:CUK) Expands By 19.7%

Carnival Co. & plc (NYSE:CUK) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,160,000 shares, a growth of 19.7% from the February 13th total of 4,310,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 3.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently modified their holdings of CUK. Norges Bank purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $132,714,000. Aristeia Capital L.L.C. boosted its position in Carnival Co. & by 13.5% in the fourth quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company’s stock valued at $273,057,000 after buying an additional 1,445,944 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $16,380,000. ABC Arbitrage SA purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $15,184,000. Finally, Credit Industriel ET Commercial purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $10,243,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Co. & Stock Up 5.0 %

Shares of CUK stock traded up $0.91 during trading hours on Wednesday, reaching $18.99. 1,710,103 shares of the company’s stock were exchanged, compared to its average volume of 1,866,075. Carnival Co. & has a 1 year low of $12.50 and a 1 year high of $26.14. The stock has a market cap of $3.56 billion, a PE ratio of 13.66 and a beta of 2.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock’s fifty day moving average price is $22.11 and its two-hundred day moving average price is $20.69.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Research analysts predict that Carnival Co. & will post 1.7 EPS for the current year.

Carnival Co. & Company Profile

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.