Short Interest in Teekay Co. (NYSE:TK) Grows By 24.0%

Teekay Co. (NYSE:TK) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,290,000 shares, an increase of 24.0% from the February 13th total of 1,040,000 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 764,400 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Teekay

A number of large investors have recently bought and sold shares of the business. PharVision Advisers LLC acquired a new stake in Teekay during the 4th quarter worth $75,000. Squarepoint Ops LLC acquired a new stake in Teekay during the 4th quarter worth $415,000. Wexford Capital LP boosted its stake in Teekay by 180.3% during the 4th quarter. Wexford Capital LP now owns 161,722 shares of the shipping company’s stock worth $1,121,000 after purchasing an additional 104,032 shares during the period. Tidal Investments LLC acquired a new stake in Teekay during the 4th quarter worth $227,000. Finally, State of Wyoming boosted its stake in Teekay by 60.5% during the 4th quarter. State of Wyoming now owns 39,306 shares of the shipping company’s stock worth $272,000 after purchasing an additional 14,809 shares during the period. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Trading Up 0.9 %

Shares of Teekay stock opened at $6.68 on Wednesday. The company has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $7.55. Teekay has a 12-month low of $5.98 and a 12-month high of $9.95. The stock has a market cap of $613.56 million, a price-to-earnings ratio of 4.70 and a beta of 0.56.

Teekay (NYSE:TK) last issued its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $161.63 million during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.

Teekay Company Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.