Teekay Co. (NYSE:TK) Short Interest Up 24.0% in February

Teekay Co. (NYSE:TK) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, a growth of 24.0% from the February 13th total of 1,040,000 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 764,400 shares, the short-interest ratio is currently 1.7 days.

Teekay Stock Performance

TK stock traded up $0.11 during trading on Monday, hitting $6.60. 645,791 shares of the company traded hands, compared to its average volume of 679,471. The company has a 50-day moving average of $6.98 and a 200-day moving average of $7.58. Teekay has a 1 year low of $5.98 and a 1 year high of $9.95. The firm has a market capitalization of $605.66 million, a PE ratio of 4.68 and a beta of 0.56.

Teekay (NYSE:TK) last released its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The firm had revenue of $161.63 million during the quarter.

Institutional Investors Weigh In On Teekay

A number of large investors have recently added to or reduced their stakes in TK. American Century Companies Inc. grew its position in shares of Teekay by 9.9% in the 4th quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company’s stock worth $14,013,000 after buying an additional 181,474 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Teekay by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,877,818 shares of the shipping company’s stock worth $13,013,000 after acquiring an additional 34,681 shares during the period. JPMorgan Chase & Co. boosted its holdings in Teekay by 47.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock valued at $7,231,000 after acquiring an additional 338,105 shares in the last quarter. Geode Capital Management LLC raised its holdings in Teekay by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company’s stock worth $7,452,000 after purchasing an additional 19,961 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Teekay in the 4th quarter worth $4,945,000. Institutional investors own 46.73% of the company’s stock.

About Teekay

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.