Short Interest in Teekay Co. (NYSE:TK) Increases By 37.1%

Teekay Co. (NYSE:TK) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 893,900 shares, a growth of 37.1% from the December 15th 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 company’s stock are sold short.

Teekay Trading Down 1.3 %

NYSE TK traded down $0.10 on Friday, reaching $7.42. The stock had a trading volume of 599,629 shares, compared to its average volume of 760,445. Teekay has a 1 year low of $5.98 and a 1 year high of $9.95. The business has a 50 day moving average price of $7.13 and a 200 day moving average price of $7.94. The company has a market capitalization of $680.99 million, a price-to-earnings ratio of 4.94 and a beta of 0.54.

Teekay Announces Dividend

The business also recently declared a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s dividend payout ratio is currently 16.67%.

Institutional Trading of Teekay

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Teekay by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after buying an additional 176,641 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Teekay by 108.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock worth $6,489,000 after purchasing an additional 367,527 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Teekay by 27.2% during the 2nd quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after purchasing an additional 331,002 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Teekay by 47.9% during the 2nd quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company’s stock worth $1,585,000 after purchasing an additional 57,242 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Teekay during the 3rd quarter worth about $100,000. Institutional investors and hedge funds 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.