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

Teekay Co. (NYSE:TK - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 893,900 shares, an increase of 37.1% from the December 15th total of 652,100 shares. Currently, 1.5% of the company's stock are short sold. Based on an average daily trading volume, of 945,800 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Teekay

Several institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd increased its holdings in shares of Teekay by 885.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company's stock valued at $43,000 after acquiring an additional 4,311 shares during the period. Quarry LP grew its stake in Teekay by 90.6% during 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 last quarter. MML Investors Services LLC purchased a new stake in Teekay in the third quarter valued at approximately $100,000. Diversified Trust Co increased its stake in shares of Teekay by 13.2% in the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock worth $112,000 after acquiring an additional 1,879 shares during the period. Finally, PDT Partners LLC purchased a new position in shares of Teekay during the 3rd quarter valued at about $141,000. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Stock Down 1.3 %

NYSE:TK traded down $0.10 during mid-day trading on Friday, reaching $7.42. The company's stock had a trading volume of 599,629 shares, compared to its average volume of 796,448. Teekay has a 1 year low of $5.98 and a 1 year high of $9.95. The stock has a fifty day moving average of $7.13 and a 200-day moving average of $7.94. The firm has a market capitalization of $680.99 million, a PE ratio of 4.94 and a beta of 0.54.

Teekay Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a $1.00 dividend. The ex-dividend date was Wednesday, December 4th. Teekay's payout ratio is presently 16.67%.

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.