Teekay Co. (NYSE:TK) Short Interest Up 37.1% in January

Teekay Co. (NYSE:TK) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 893,900 shares, an increase of 37.1% from the December 31st total of 652,100 shares. Based on an average daily volume of 945,800 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Teekay

A number of institutional investors have recently bought and sold shares of TK. R Squared Ltd purchased a new stake in Teekay in the 4th quarter worth $27,000. Point72 DIFC Ltd grew its position in shares of Teekay by 885.2% during the second quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 4,311 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after purchasing an additional 3,000 shares in the last quarter. Quarry LP grew its position in shares of Teekay by 90.6% during the second quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock valued at $75,000 after purchasing an additional 4,000 shares in the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in shares of Teekay during the fourth quarter valued at about $80,000. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Trading Down 0.8 %

Teekay stock traded down $0.06 during trading on Friday, reaching $7.14. The company had a trading volume of 506,309 shares, compared to its average volume of 666,889. Teekay has a 52 week low of $5.98 and a 52 week high of $9.95. The firm’s 50-day simple moving average is $6.95 and its 200 day simple moving average is $7.84. The firm has a market capitalization of $655.28 million, a price-to-earnings ratio of 4.76 and a beta of 0.54.

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.