Teekay Tankers Short Interest Ratio and Short Volume

+0.12 (+0.87 %)
(As of 05/5/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume377,121 shs
Average Volume510,959 shs
Market Capitalization$468.96 million
P/E Ratio2.11
Dividend YieldN/A

Short Interest

Teekay Tankers (NYSE:TNK) Short Interest Data

Current Short Volume1,320,000 shares
Previous Short Volume1,310,000 shares
Change Vs. Previous Month+0.76%
Dollar Volume Sold Short$16.50 million
Short Interest Ratio / Days to Cover2.4
Last Record DateApril, 15 2021
Outstanding Shares231,900,000 shares
Float Size24,080,000 shares
Short Percent of Float5.48%
Today's Trading Volume377,121 shares
Average Trading Volume510,959 shares
Today's Volume Vs. Average-26.19%

Short Interest Over Time

Teekay Tankers (NYSE:TNK) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/20211,320,000 shares $16.50 million +0.8%5.5%2.4$12.50
3/31/20211,310,000 shares $18.22 million +1.6%5.3%2.3$13.91
3/15/20211,290,000 shares $18.71 million -5.8%5.2%2.3$14.50
2/26/20211,370,000 shares $18.45 million +0.7%5.5%2.5$13.47
2/12/20211,360,000 shares $16.65 million No Change5.5%2.6$12.24
1/29/20211,360,000 shares $14.06 million -0.7%4.7%2.9$10.34
1/15/20211,370,000 shares $16.73 million +0.7%4.8%2.8$12.21
12/31/20201,360,000 shares $14.95 million -16.6%4.7%2.8$10.99
12/15/20201,630,000 shares $19.32 million -14.7%5.7%3.4$11.85
11/30/20201,910,000 shares $23.24 million -28.2%6.9%3.9$12.17
11/15/20202,660,000 shares $27.88 million -3.6%9.5%4.8$10.48
10/30/20202,760,000 shares $26.61 million -3.2%11.5%4.5$9.64
10/15/20202,850,000 shares $31.58 million -3.7%11.9%4.6$11.08
9/30/20202,960,000 shares $32.09 million +4.6%12.4%4.3$10.84
9/15/20202,830,000 shares $35.15 million +1.8%11.8%3.3$12.42
8/31/20202,780,000 shares $34.86 million +9.9%11.6%2.7$12.54
8/14/20202,530,000 shares $37.12 million -2.7%10.6%2.2$14.67
7/31/20202,600,000 shares $38.92 million -3.7%10.9%2$14.97
7/15/20202,700,000 shares $35.48 million +3.1%11.3%1.8$13.14
6/30/20202,620,000 shares $33.59 million +27.2%10.9%1.6$12.82
6/15/20202,060,000 shares $33.58 million +10.2%8.6%1.2$16.30
5/29/20201,870,000 shares $32.50 million +5.7%7.8%1.1$17.38
5/15/20201,770,000 shares $28.97 million +205.0%7.4%1.1$16.37
4/30/2020580,400 shares $11.46 million -14.7%2.4%0.4$19.74
4/15/2020680,500 shares $13.18 million -5.1%2.8%0.5$19.37

Teekay Tankers (NYSE:TNK) Short Interest FAQ

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What is Teekay Tankers' current short interest?

Short interest is the volume of Teekay Tankers shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 1,320,000 shares of TNK short. 5.48% of Teekay Tankers' shares are currently sold short. View details.

What is a good short interest ratio for Teekay Tankers?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Teekay Tankers currently has a short interest ratio of 2.0.

What is a good short interest percentage for Teekay Tankers?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 5.48% of Teekay Tankers' floating shares are currently sold short.

Is Teekay Tankers' short interest increasing or decreasing?

Teekay Tankers saw a increase in short interest in April. As of April 15th, there was short interest totaling 1,320,000 shares, an increase of 0.8% from the previous total of 1,310,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

What is Teekay Tankers' float size?

Teekay Tankers currently has issued a total of 33,738,000 shares. Some of Teekay Tankers' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Teekay Tankers currently has a public float of 24,080,000 shares.

How does Teekay Tankers' short interest compare to its competitors?

5.48% of Teekay Tankers' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "oil & gas storage & transportation" compare to Teekay Tankers: Kinder Morgan, Inc. (1.41%), The Williams Companies, Inc. (0.00%), Cheniere Energy, Inc. (1.62%), Targa Resources Corp. (1.30%), Frontline Ltd. (6.85%), Golden Ocean Group Limited (1.64%), Golar LNG Limited (5.40%), Scorpio Tankers Inc. (7.85%), SFL Co. Ltd. (2.14%), and GasLog Ltd. (8.46%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Teekay Tankers stock?

Short selling TNK is an investing strategy that aims to generate trading profit from Teekay Tankers as its price is falling. Teekay Tankers' stock is trading up $0.12 today. To short Teekay Tankers stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Teekay Tankers will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Teekay Tankers?

A short squeeze for Teekay Tankers occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of TNK, which in turn drives the price of the stock up even further.

How often is Teekay Tankers' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TNK, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/6/2021 by MarketBeat.com Staff
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