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

Teekay Co. (NYSE:TK) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 893,900 shares, a growth 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 shares of the stock are short sold.

Hedge Funds Weigh In On Teekay

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Teekay by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 293,759 shares of the shipping company’s stock worth $2,635,000 after acquiring an additional 15,305 shares during the last quarter. Quarry LP boosted its position in shares of Teekay by 90.6% in the 2nd 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 during the period. Point72 Asset Management L.P. increased its stake in Teekay by 124.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 23,100 shares of the shipping company’s stock worth $207,000 after purchasing an additional 12,800 shares in the last quarter. Cetera Investment Advisers raised its holdings in 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 buying an additional 57,242 shares during the period. Finally, Aristides Capital LLC purchased a new stake in Teekay during the second quarter valued at about $180,000. Institutional investors own 46.73% of the company’s stock.

Teekay Price Performance

Shares of Teekay stock traded down $0.06 on Friday, hitting $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 company has a market cap of $655.28 million, a PE ratio of 4.76 and a beta of 0.54. The business has a 50-day simple moving average of $6.95 and a 200-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.