Teekay Co. (NYSE:TK) Short Interest Up 33.0% in March

Teekay Co. (NYSE:TK - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 1,260,000 shares, an increase of 33.0% from the March 15th total of 947,300 shares. Currently, 2.5% of the company's stock are sold short. Based on an average daily volume of 710,700 shares, the short-interest ratio is presently 1.8 days.

Teekay Stock Performance

TK traded up $0.16 during midday trading on Thursday, reaching $6.80. 662,261 shares of the company were exchanged, compared to its average volume of 728,911. The company has a market cap of $624.48 million, a price-to-earnings ratio of 4.82 and a beta of 0.47. The company's fifty day moving average price is $6.52 and its 200 day moving average price is $7.11. Teekay has a one year low of $5.65 and a one year high of $9.95.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Teekay by 9.9% in the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company's stock worth $14,013,000 after acquiring an additional 181,474 shares during the period. Bridgeway Capital Management LLC boosted its stake in Teekay by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,877,818 shares of the shipping company's stock worth $13,013,000 after purchasing an additional 34,681 shares during the period. JPMorgan Chase & Co. grew its holdings in Teekay by 47.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company's stock valued at $7,231,000 after buying an additional 338,105 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Teekay by 80.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 858,425 shares of the shipping company's stock valued at $5,657,000 after buying an additional 383,997 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Teekay by 2.5% in the third quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company's stock worth $7,452,000 after buying an additional 19,961 shares in the last quarter. 46.73% of the stock is owned by institutional investors.

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.