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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC lifted its position in Carnival by 9.1% in the 1st quarter. Vident Advisory LLC now owns 17,363 shares of the company’s stock valued at $304,000 after acquiring an additional 1,444 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Carnival by 106.2% in the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock valued at $156,000 after purchasing an additional 3,562 shares during the period. Aristides Capital LLC lifted its holdings in shares of Carnival by 12.1% in the fourth quarter. Aristides Capital LLC now owns 52,913 shares of the company’s stock valued at $1,191,000 after purchasing an additional 5,710 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Carnival by 12.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 58,330 shares of the company’s stock worth $1,313,000 after buying an additional 6,441 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Carnival during the fourth quarter worth about $158,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Carnival Trading Down 2.3%

NYSE:CUK opened at $21.06 on Wednesday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.04 and a beta of 2.67. Carnival has a 1-year low of $12.65 and a 1-year high of $26.14. The business’s 50-day moving average price is $19.11 and its two-hundred day moving average price is $20.72. The company has a current ratio of 0.26, a quick ratio of 0.21 and a debt-to-equity ratio of 2.78.

Carnival (NYSE:CUK) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $6.19 billion. On average, equities analysts expect that Carnival will post 1.7 earnings per share for the current 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.