Carnival Co. & plc (NYSE:CUK) Short Interest Drops 7.1%

At Carnival Company and plc, the amount of short interest experienced a sizeable drop in December (NYSE: CUK). There were 4,520,000 shares available for a short sale as of November 30, but as of December 15, there was only 4,200,000 shares total available for a short sale. This represents a 7.1% decrease from the total shares available for a short sale as of November 30. As a result, 2.9% of the company’s shares are sold on the short market. The days-to-cover ratio is currently 1.5 days, determined based on an average trading volume of 2,730,000 shares. The number of days is determined based on the ratio.

Separately, in a research note published on Monday, November 14, UBS Group raised their price objective on Carnival Co. from GBX 588 ($7.08) to GBX 1,219 ($14.69). This places the company’s stock within the range that was anticipated.

During the most recent period, many investors actively bought and sold CUK stock. During the second quarter, Cetera Advisor Networks LLC increased its holdings by purchasing an additional 8.4 percent worth of Carnival Company & plc shares. During the most recent quarter, Cetera Advisor Networks LLC increased its stake in the company by 1,154 shares, bringing its total number of shares owned to 14,882, with a value of $118,000. During the third quarter, Quantamental Technologies LLC accomplished an 18.6% increase in the proportion of its holdings allocated to Carnival Company. Due to the purchase of an additional 3,343 shares during the period in question, Quantamental Technologies LLC is now the owner of 21,364 shares in the company. The current value of these shares is $132,000, making the total amount owned by the company $132,000. (21,364 shares). In the third quarter, Veriti Management LLC increased its ownership stake in Carnival Company by investing an additional $136,000 and increasing its investment in the company. In addition, a new investment in Carnival Company was made by Verition Fund Management LLC during the second quarter of the fiscal year. This investment is estimated to be worth approximately $200,000.00.And finally, during the third quarter, Quantbot Technologies LP increased its holdings in Carnival Co. by purchasing a new position that was approximately $224,000 in value. This was done as part of the company’s continued investment in the company. To the tune of 16.15% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.

During the middle of the trading day on Wednesday, the price of a share of Carnival Company rose by $0.33, taking it to a new all-time high of $7.42. The average stock volume is 1,719,826, which is significantly higher than the number of shares traded today, which was 66,663. Carnival Company’s lowest price over the past 52 weeks is $5.43, while the highest price the company has been at over the past 52 weeks is $22.12. The company’s moving average price over the previous 50 days is $8.07, and the moving average price over the previous 200 days is $8.22. A debt-to-equity ratio comes in at 3.40; a quick ratio comes in at 0.62; a current ratio comes in at 0.65; and a quick ratio comes in at 0.62.

The Carnival Corporation and plc is a company that specializes in providing services related to vacation travel. More than 700 ports of call are visited all over the world by the company’s ships, which sail under brand names such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. The company also operates ships under P&O Cruises (UK) and AIDA Cruises. In addition to offering port destinations, the company owns and manages a variety of lodging options, including hotels, lodges, glass-domed railcars, and motor coaches. In addition, the company offers various services in addition to its core offerings.