Teekay Co. (NYSE:TK) Short Interest Update

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 trading volume, of 945,800 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the company’s shares are short sold.

Institutional Trading of Teekay

Large investors have recently made changes to their positions in the company. Diversified Trust Co raised its holdings in Teekay by 13.2% during the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company’s stock worth $112,000 after buying an additional 1,879 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Teekay by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company’s stock worth $208,000 after acquiring an additional 2,109 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Teekay by 53.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock worth $60,000 after acquiring an additional 3,000 shares during the last quarter. Summit Global Investments boosted its stake in Teekay by 4.6% during the 3rd quarter. Summit Global Investments now owns 78,699 shares of the shipping company’s stock valued at $724,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in Teekay by 15.1% during the 3rd quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock valued at $258,000 after purchasing an additional 3,674 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Trading Down 0.8 %

NYSE:TK opened at $7.14 on Friday. Teekay has a 12 month low of $5.98 and a 12 month high of $9.95. The stock has a market capitalization of $655.28 million, a price-to-earnings ratio of 4.76 and a beta of 0.54. The firm has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $7.84.

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.