Examining the Latest Short Interest in Carnival PLC

Carnival PLC (NYSE: CUK) Short Interest Update

Recently, the proportion of Carnival PLC shares sold short has dropped by 17.35% compared to the previous report. Current data shows that 1.17 million shares are being shorted, which represents 0.81% of the total shares available for trading. At the present trading volume, it would take traders about one day on average to cover all short positions.

Understanding Short Interest

Short interest refers to the total number of shares that have been borrowed and sold by traders who anticipate a decline in the stock's price, but have not yet repurchased them to close their positions. Short selling allows investors to profit if the stock price falls, but exposes them to losses if the price rises.

Monitoring short interest is valuable because it offers insights into how investors feel about a stock. A rise in short interest can indicate growing pessimism, while a decline may suggest increasing optimism among traders.

Short Interest Trends for Carnival PLC (Last 3 Months)

The chart above illustrates that the percentage of Carnival PLC shares sold short has decreased since the last update. While this reduction does not guarantee an imminent price increase, it does mean that fewer shares are currently being shorted, which is important information for traders to consider.

How Carnival PLC Compares to Its Peers

Analysts and investors often compare companies to similar businesses—known as peers—based on factors like industry, size, and financial structure. Peer groups can be identified through company filings or independent analysis.

According to Benzinga Pro, the average short interest among Carnival PLC’s peers is 8.52% of float. This indicates that Carnival PLC has a lower level of short interest compared to most companies in its peer group.

Carnival PLC (CUK) Stock Overview

• Symbol: CUK
• Company Name: Carnival PLC
• Current Price: $31.61
• Change: -1.25%

View more details about CUK