Carnival Co. & plc (NYSE:CUK) Short Interest Update

Carnival Co. & plc (NYSE:CUK - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 796,700 shares, a growth of 102.4% from the March 15th total of 393,700 shares. Approximately 0.6% of the company's shares are short sold. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is presently 0.4 days.

Carnival Co. & Price Performance

Shares of CUK remained flat at $13.49 on Thursday. The company had a trading volume of 2,051,081 shares, compared to its average volume of 2,145,070. The business has a fifty day moving average of $14.40 and a two-hundred day moving average of $13.93. Carnival Co. & has a 1-year low of $7.83 and a 1-year high of $17.95. 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 stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 51.88 and a beta of 2.59.

Insider Transactions at Carnival Co. &

In related news, CFO David Bernstein sold 34,020 shares of the business's stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $17.05, for a total transaction of $580,041.00. Following the completion of the transaction, the chief financial officer now owns 335,976 shares in the company, valued at $5,728,390.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Carnival Co. & in the third quarter valued at about $688,000. Qube Research & Technologies Ltd bought a new stake in Carnival Co. & in the 3rd quarter valued at approximately $5,048,000. Aigen Investment Management LP acquired a new position in Carnival Co. & during the 3rd quarter worth approximately $518,000. Acadian Asset Management LLC grew its stake in shares of Carnival Co. & by 4,752.4% during the 3rd quarter. Acadian Asset Management LLC now owns 101,900 shares of the company's stock worth $1,244,000 after acquiring an additional 99,800 shares in the last quarter. Finally, CQS US LLC raised its holdings in shares of Carnival Co. & by 142.4% in the third quarter. CQS US LLC now owns 2,791,663 shares of the company's stock valued at $34,212,000 after purchasing an additional 1,640,179 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

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.

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