Teekay Co. (NYSE:TK) Short Interest Down 29.6% in March

Teekay Co. (NYSE:TK - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 429,000 shares, a decrease of 29.6% from the March 15th total of 609,100 shares. Based on an average daily volume of 699,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in shares of Teekay by 69.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,745 shares of the shipping company's stock valued at $29,000 after purchasing an additional 1,944 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of Teekay in the second quarter valued at approximately $38,000. Royal Bank of Canada grew its position in shares of Teekay by 77.8% in the second quarter. Royal Bank of Canada now owns 7,058 shares of the shipping company's stock valued at $43,000 after purchasing an additional 3,088 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Teekay in the third quarter valued at approximately $42,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Teekay in the fourth quarter valued at approximately $86,000. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Stock Performance

NYSE TK traded down $0.17 during trading hours on Friday, hitting $7.27. 484,014 shares of the stock were exchanged, compared to its average volume of 694,469. The company has a market cap of $660.75 million, a price-to-earnings ratio of 4.75 and a beta of 0.63. Teekay has a 12-month low of $5.01 and a 12-month high of $9.27. The stock has a 50-day moving average of $7.57 and a 200 day moving average of $7.34. The company has a quick ratio of 5.03, a current ratio of 5.33 and a debt-to-equity ratio of 0.07.

Teekay (NYSE:TK - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The shipping company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $339.19 million during the quarter. Teekay had a net margin of 10.28% and a return on equity of 9.07%.

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.