Carnivals CCL the short float percentage has increased by 4.21% since the last report. The company recently reported that it has 103.28 million shares sold short, which is 12.12% of all common shares that are available for trading. Based on its trading volume, it would take traders an average of 1.9 days to cover their short positions.
Why short interest matters
Short interest is the number of shares that have been sold short but have not yet been covered or closed. Short selling is when a trader sells shares of a company he does not own in the hope that the price will fall. Traders make money by short selling if the stock price falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment toward a particular stock. An increase in short interest can signal that investors have become bearish, while a decrease in short interest can signal that they have become bullish.
See also: List of most shorted stocks
Carnival Short Interest Chart (3 Months)
As you can see from the chart above, the percentage of shares sold short for Carnival has increased since its last report. That doesn’t mean the stock will fall in the short term, but traders should be aware that more stocks are being shorted.
Comparing Carnival’s short interest to its peers
Peer comparison is a popular technique among analysts and investors to assess how well a company is performing. A company’s peer is another company that has similar characteristics to it, such as industry, size, age and financial structure. You can find a company’s peer group by reading the 10-K, proxy filing, or doing your own similarity analysis.
According to Benzinga Pro, Carnival’s peer group average for short interest as a percentage of the rating is 5.02%, which means the company has more short interest than most of her colleagues.
Did you know that short interest growth can actually be wave for a stock? This post from Benzinga Money explains how you can take advantage of it..
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
