Short Interest in Teekay Co. (NYSE:TK) Decreases By 26.6%

Teekay Co. (NYSE:TK) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 947,300 shares, a decline of 26.6% from the February 28th total of 1,290,000 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 723,300 shares, the short-interest ratio is presently 1.3 days.

Teekay Stock Up 0.2 %

Shares of NYSE:TK traded up $0.02 during trading on Tuesday, reaching $6.59. 439,447 shares of the company traded hands, compared to its average volume of 711,443. The firm has a market capitalization of $604.74 million, a PE ratio of 4.67 and a beta of 0.56. Teekay has a 52 week low of $5.98 and a 52 week high of $9.95. The company’s 50 day moving average is $6.81 and its two-hundred day moving average is $7.46.

Teekay (NYSE:TK) last posted its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share 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%.

Institutional Trading of Teekay

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Teekay by 108.8% in the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after acquiring an additional 367,527 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Teekay during the fourth quarter worth $295,000. MML Investors Services LLC acquired a new stake in shares of Teekay in the 3rd quarter valued at $100,000. New York State Common Retirement Fund increased its stake 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 valued at $60,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Teekay by 267.9% during the 3rd quarter. Barclays PLC now owns 80,046 shares of the shipping company’s stock worth $736,000 after buying an additional 58,290 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.

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.