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

Carnival Co. & plc (NYSE:CUKGet Rating) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,410,000 shares, a growth of 60.8% from the March 15th total of 2,120,000 shares. Based on an average daily trading volume, of 3,050,000 shares, the short-interest ratio is currently 1.1 days. Currently, 2.3% of the shares of the company are short sold.

Carnival Co. & stock traded up $0.17 during trading hours on Friday, hitting $18.03. 1,756,760 shares of the stock were exchanged, compared to its average volume of 2,695,018. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.74 and a quick ratio of 0.70. Carnival Co. & has a 12 month low of $13.89 and a 12 month high of $27.31. The business’s 50-day moving average is $18.13 and its two-hundred day moving average is $19.13.

In related news, CEO Michael Olaf Thamm sold 20,352 shares of the company’s stock in a transaction dated Tuesday, January 18th. The shares were sold at an average price of $20.57, for a total value of $418,640.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Arnold W. Donald sold 95,796 shares of the company’s stock in a transaction dated Friday, January 28th. The shares were sold at an average price of $19.08, for a total transaction of $1,827,787.68. The disclosure for this sale can be found here. Insiders have sold 127,659 shares of company stock valued at $2,489,614 in the last ninety days. 0.12% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of CUK. Lindbrook Capital LLC lifted its position in shares of Carnival Co. & by 43.3% during the fourth quarter. Lindbrook Capital LLC now owns 2,790 shares of the company’s stock worth $52,000 after purchasing an additional 843 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Carnival Co. & by 353.6% during the third quarter. Advisor Group Holdings Inc. now owns 2,676 shares of the company’s stock worth $61,000 after purchasing an additional 2,086 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Carnival Co. & by 22.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,939 shares of the company’s stock valued at $73,000 after buying an additional 710 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Carnival Co. & by 239.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 8,174 shares of the company’s stock valued at $151,000 after buying an additional 5,766 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Carnival Co. & by 16.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,188 shares of the company’s stock worth $225,000 after purchasing an additional 1,751 shares during the period. 15.10% of the stock is currently owned by hedge funds and other institutional investors.

Separately, UBS Group upped their target price on shares of Carnival Co. & from GBX 1,422 ($18.53) to GBX 1,537 ($20.03) in a research note on Monday, April 4th.

About Carnival Co. & (Get Rating)

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.

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