Carnival Short Interest Falls 3.56% Amid Bearish Sentiment

Carnival's CCL short percent of float has fallen 3.56% since its last report, with 55.56 million shares sold short, representing 5.15% of all regular shares available for trading. Based on trading volume, it would take traders 2.99 days to cover their short positions on average. Carnival's peer group average for short interest as a percentage of float is 7.60%, meaning the company has less short interest than most of its peers.

Carnival Corporation (CCL), the cruise operator, has seen a notable decrease in its short interest. As of July 2, 2025, the short interest as a percentage of float has fallen 3.56% since the last report. This indicates that 55.56 million shares are currently sold short, representing 5.15% of all regular shares available for trading. Given the current trading volume, it would take traders approximately 2.99 days to cover their short positions on average [2].

This decline in short interest reflects a shift in market sentiment towards Carnival. Short interest is a key indicator of investor sentiment, with increases signaling bearishness and decreases indicating bullishness. The decrease in short interest suggests that investors are becoming more optimistic about the company's future prospects [2].

Comparatively, Carnival's short interest as a percentage of float is lower than that of its peers. The average short interest for Carnival's peer group is 7.60%, indicating that the company has less short interest than most of its competitors [3]. This suggests that while some investors remain cautious, the overall market sentiment towards Carnival is relatively positive.

In addition to the decrease in short interest, Carnival's stock has shown resilience in recent trading sessions. On July 15, 2025, Carnival closed at $30.25, marking a -1.27% move from the previous day. While this was a slight dip, it lagged behind the broader market's performance, with the S&P 500 gaining 0.03% and the Dow experiencing a drop of 0.03% [1]. Over the last month, Carnival's shares have seen an increase of 5.51%, outpacing the Consumer Discretionary sector's gain of 0.32% and the S&P 500's gain of 3.46% [1].

Looking ahead, investors will be closely monitoring Carnival's earnings release. The company is projected to report earnings per share (EPS) of $1.31 for the quarter, reflecting a 3.15% increase from the same period last year. The consensus estimate forecasts revenue to be $8.05 billion, indicating a 1.99% growth compared to the prior year [1]. For the entire year, Zacks Consensus Estimates forecast earnings of $2 per share and revenue of $26.49 billion, indicating changes of +40.85% and +5.87% respectively compared to the previous year [1].

Carnival's valuation metrics also present an attractive picture. The company's Forward P/E ratio of 15.31 is a discount compared to its industry average Forward P/E of 22.02. Additionally, the PEG ratio of 0.69 is favorable, indicating strong potential for growth [1]. These factors, combined with the recent decrease in short interest, suggest that Carnival is well-positioned for further growth.

References:
[1] https://www.marketbeat.com/stocks/NYSE/CCL/short-interest/
[2] https://www.nasdaq.com/articles/carnival-ccl-stock-dips-while-market-gains-key-facts
[3] https://www.benzinga.com/insights/short-sellers/25/08/47207169/how-do-investors-really-feel-about-carnival