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

Teekay Co. (NYSE:TK - Get Free Report) was the recipient of a significant growth in short interest during the month of 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. Approximately 1.5% of the company's stock are sold short. Based on an average daily volume of 945,800 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Teekay

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Teekay during the fourth quarter worth $27,000. Point72 DIFC Ltd lifted its stake 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 purchasing an additional 4,311 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock worth $60,000 after buying an additional 3,000 shares during the period. Denali Advisors LLC bought a new position in Teekay during the 4th quarter valued at about $70,000. Finally, Quarry LP boosted its holdings 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 acquiring an additional 4,000 shares during the period. Hedge funds and other institutional investors own 46.73% of the company's stock.

Teekay Trading Down 1.4 %

TK stock traded down $0.11 during midday trading on Wednesday, hitting $7.32. The company's stock had a trading volume of 316,208 shares, compared to its average volume of 699,572. The company has a market cap of $671.78 million, a PE ratio of 4.88 and a beta of 0.51. The firm's 50-day moving average is $6.93 and its 200-day moving average is $7.81. Teekay has a 12 month low of $5.98 and a 12 month high of $9.95.

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.