Royal Caribbean Cruises Ltd. (RCL): Price Target and June Short Interest Disclosure

Royal Caribbean Cruises Ltd. (RCL) : The highest level Royal Caribbean Cruises Ltd. (RCL) is projected to reach is $119 for the short term and the lowest estimate is at $80. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $98.11 and the possibility the share price can swing is $11.61.

Royal Caribbean Cruises Ltd. (RCL), A drop of 1,561,156 shares or 10.9% was seen in the short interest of Royal Caribbean Cruises. Even as the interest dropped from 14,315,079 shares on June 15,2016 to 12,753,923 shares on June 30,2016, the days to cover came in at 5. The updated interest stood at 7.6% of the stocks floats. The stock has seen an average daily volume of 2,719,603 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Sterne Agee CRT initiates coverage on Royal Caribbean Cruises Ltd. (NYSE:RCL). Sterne Agee CRT has a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $83 per share. The rating by the firm was issued on June 7, 2016.


Royal Caribbean Cruises Ltd. (NYSE:RCL): On Thursdays trading session , Opening price of the stock was $73.69 with an intraday high of $74.36. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $71.84. However, the stock managed to close at $71.88, a loss of 0.96% for the day. On the previous day, the stock had closed at $72.58. The total traded volume of the day was 2,925,254 shares.

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together, these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105,750 berths. The Companys ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, South America and New Zealand. Celebrity Cruises offers a variety of itineraries, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, Hawaii, New Zealand, the Panama Canal and South America.

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