Short Interest in Carnival Corporation (NYSE:CUK) Declines By 26.5%

Carnival Corporation (NYSE:CUK) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,860,000 shares, a decrease of 26.5% from the May 15th total of 5,250,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is presently 2.1 days. Currently, 2.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Carnival

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its position in shares of Carnival by 106.2% in the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock valued at $156,000 after buying an additional 3,562 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Carnival in the 4th quarter valued at $158,000. First Trust Advisors LP acquired a new stake in Carnival during the 4th quarter valued at $202,000. Ameriprise Financial Inc. acquired a new stake in Carnival during the 4th quarter valued at $206,000. Finally, Truist Financial Corp bought a new position in Carnival during the fourth quarter worth $208,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Carnival Stock Down 2.3%

CUK stock opened at $21.06 on Wednesday. Carnival has a twelve month low of $12.65 and a twelve month high of $26.14. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 14.04 and a beta of 2.67. The company has a quick ratio of 0.21, a current ratio of 0.26 and a debt-to-equity ratio of 2.78. The business has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $20.72.

Carnival (NYSE:CUK) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival had a net margin of 8.07% and a return on equity of 26.53%. The business had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $6.19 billion. Analysts anticipate that Carnival will post 1.7 EPS for the current fiscal year.

Carnival 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.