Today’s Short Interest Alert: Carnival Corporation (NYSE:CCL) Can’t Be More Risky. Short Interest Increased

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Short Interest Alert: Carnival Corporation (NYSE:CCL) Can't Be More Risky. Short Interest Increased

The stock of Carnival Corporation (NYSE:CCL) registered an increase of 6.29% in short interest. CCL’s total short interest was 27.92 million shares in November as published by FINRA. Its up 6.29% from 26.26 million shares, reported previously. With 3.59 million shares average volume, it will take short sellers 8 days to cover their CCL’s short positions. The short interest to Carnival Corporation’s float is 4.9%. The stock decreased 0.93% or $0.49 during the last trading session, hitting $52.06. About 800 shares traded hands. Carnival Corp (NYSE:CCL) has risen 5.96% since April 26, 2016 and is uptrending. It has outperformed by 0.70% the S&P500.

Carnival Corporation is a leisure travel company. The company has a market cap of $37.81 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 15.95 P/E ratio. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia divisions.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.05, from 0.95 in 2016Q1. The ratio turned negative, as 55 funds sold all Carnival Corp shares owned while 199 reduced positions. 53 funds bought stakes while 188 increased positions. They now own 409.94 million shares or 6.26% less from 437.31 million shares in 2016Q1.
Gulf Bank & Trust (Uk) Limited accumulated 0.09% or 123,631 shares. Moreover, Sentinel Co Lba has 0.19% invested in Carnival Corp (NYSE:CCL) for 30,618 shares. Scotia Cap Inc has 12,842 shares for 0.01% of their US portfolio. Strategy Asset Managers Ltd Liability Company last reported 0.46% of its portfolio in the stock. Sector Pension Board, a Quebec – Canada-based fund reported 83,094 shares. Geode Capital Mngmt Limited Company has invested 0.09% of its portfolio in Carnival Corp (NYSE:CCL). Daiwa Gp has 0% invested in the company for 9,600 shares. State Street, a Massachusetts-based fund reported 17.49 million shares. Amer Assets Inv Management Lc has 0.16% invested in the company for 15,000 shares. Davenport And Company Lc accumulated 0% or 595,253 shares. Carret Asset Mngmt Limited Com holds 44,705 shares or 0.38% of its portfolio. Dnb Asset Mngmt As holds 0% or 801,906 shares in its portfolio. Pension Service has invested 0.12% of its portfolio in Carnival Corp (NYSE:CCL). Credit Agricole S A has 179,288 shares for 0.03% of their US portfolio. Lmr Partners Llp has 8,994 shares for 0.06% of their US portfolio.

Insider Transactions: Since October 3, 2016, the stock had 0 insider buys, and 2 sales for $4.48 million net activity. $198,213 worth of shares were sold by Bernstein David on Monday, October 3. DONALD ARNOLD W sold $4.29M worth of Carnival Corp (NYSE:CCL) on Tuesday, October 18.

Carnival Corp (NYSE:CCL) Ratings Coverage

Out of 20 analysts covering Carnival Corporation (NYSE:CCL), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. $64 is the highest target while $48 is the lowest. The $56.76 average target is 9.03% above today’s ($52.06) stock price. Carnival Corporation has been the topic of 36 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wolfe Research initiated the stock with “Peer Perform” rating in Wednesday, November 18 report. As per Thursday, May 26, the company rating was maintained by Morgan Stanley. HSBC initiated the stock with “Buy” rating in Monday, October 3 report. As per Wednesday, September 23, the company rating was maintained by Numis Securities. The stock of Carnival Corp (NYSE:CCL) has “Equal-Weight” rating given on Thursday, March 31 by Barclays Capital. The stock of Carnival Corp (NYSE:CCL) has “Buy” rating given on Monday, August 10 by Zacks. Deutsche Bank maintained Carnival Corp (NYSE:CCL) on Monday, January 4 with “Buy” rating. The stock has “Outperform” rating given by Bernstein on Friday, September 9. The rating was maintained by JP Morgan on Thursday, March 31 with “Neutral”. The stock of Carnival Corp (NYSE:CCL) earned “Neutral” rating by Goldman Sachs on Tuesday, March 29.

CCL Company Profile

Carnival Corporation, incorporated on November 21, 1974, is a leisure travel company. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) divisions. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company’s Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Cruise Support segment also includes other services that are provided for the benefit of all its cruise brands. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour firm in Alaska and the Canadian Yukon, and approximately three cruise ships, the former Costa Celebration, Costa Europa and Grand Holiday, which it owns and charters-out under long-term leases. The Company’s tour firm owns and operates approximately 10 hotels or lodges, over 300 motorcoaches and approximately 20 glass-domed railcars.

More news for Carnival Corp (NYSE:CCL) were recently published by: Latimes.com, which released: “Carnival Corp. to screen cruise passengers through Interpol” on November 08, 2016. Miamiherald.com‘s article titled: “Carnival Corp.’s Arnold Donald appointed chair of Cruise Lines International …” and published on November 14, 2016 is yet another important article.

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By Adrian Mccoy

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