Carnival Corporation (NYSE:CUK) Short Interest Update

Carnival Corporation (NYSE:CUK - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 3,860,000 shares, a drop 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 currently 2.1 days. Approximately 2.7% of the shares of the company are short sold.

Carnival Stock Performance

Shares of CUK traded up $0.11 during trading hours on Friday, hitting $21.42. The company's stock had a trading volume of 1,717,411 shares, compared to its average volume of 1,873,991. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 14.28 and a beta of 2.67. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.26 and a quick ratio of 0.21. The business has a 50 day simple moving average of $19.40 and a two-hundred day simple moving average of $20.67. Carnival has a 52-week low of $12.65 and a 52-week high of $26.14.

Carnival (NYSE:CUK - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $6.19 billion. Carnival had a net margin of 8.07% and a return on equity of 26.53%. On average, equities analysts expect that Carnival will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival

Large investors have recently modified their holdings of the business. Legal & General Group Plc boosted 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 acquiring an additional 3,562 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Carnival in the fourth quarter valued at approximately $158,000. First Trust Advisors LP bought a new position in shares of Carnival in the fourth quarter valued at approximately $202,000. Ameriprise Financial Inc. bought a new position in shares of Carnival in the fourth quarter valued at approximately $206,000. Finally, Truist Financial Corp bought a new position in shares of Carnival in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

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.