Carnival Sees Significant Growth in Short Interest (CCL)
Carnival (NYSE:CCL) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 15,711,643 shares, an increase of 19.0% from the April 15th total of 13,200,780 shares, Stock Ratings Network reports. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 2,991,244 shares, the days-to-cover ratio is presently 5.3 days.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Carnival from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Carnival in a research note on Friday, May 2nd. They now have a $41.00 price target on the stock. Finally, analysts at Berenberg Bank initiated coverage on shares of Carnival in a research note on Tuesday, April 29th. They set a “buy” rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.04.
Carnival (NYSE:CCL) opened at 39.59 on Thursday. Carnival has a 52 week low of $31.44 and a 52 week high of $41.89. The stock’s 50-day moving average is $38.29 and its 200-day moving average is $38.40. The company has a market cap of $30.761 billion and a P/E ratio of 29.47.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, May 21st.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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