Teekay Offshore Partners (TOO) Short Interest Ratio & Short Volume

Short interest is the volume of Teekay Offshore Partners shares that have been sold short but have not yet been covered or closed out. As of January 15th, investors have sold 96,600 shares of TOO short. 0.07% of Teekay Offshore Partners' shares are currently sold short. Learn More on Teekay Offshore Partners' current short interest.

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. 0.07% of Teekay Offshore Partners' floating shares are currently sold short.

Teekay Offshore Partners saw a decrease in short interest in January. As of January 15th, there was short interest totaling 96,600 shares, a decrease of 82.8% from the previous total of 561,000 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.

Teekay Offshore Partners currently has issued a total of 410,315,000 shares. Some of Teekay Offshore Partners' 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 Offshore Partners currently has a public float of 148,040,000 shares.

0.07% of Teekay Offshore Partners' shares are currently sold short. Here is how the short interest of companies in the sector of "transportation" compare to Teekay Offshore Partners: Nordic American Tankers Limited (4.03%), Cool Company Ltd. (0.86%), KNOT Offshore Partners LP (0.10%), FLEX LNG Ltd. (4.60%), Teekay Tankers Ltd. (2.90%), Ardmore Shipping Co. (2.26%), Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (0.75%), Teekay Co. (0.70%), Forward Air Co. (17.34%), Covenant Logistics Group, Inc. (0.77%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($19.32 billion), Charter Communications, Inc. ($5.12 billion), Advanced Micro Devices, Inc. ($4.72 billion), Microchip Technology Incorporated ($3.73 billion), Match Group, Inc. ($2.38 billion), Snap Inc. ($2.17 billion), Wayfair Inc. ($2.11 billion), Uber Technologies, Inc. ($2.09 billion), Omnicom Group Inc. ($2.05 billion), and Hormel Foods Co. ($1.85 billion). View all of the most shorted stocks.

Short selling TOO is an investing strategy that aims to generate trading profit from Teekay Offshore Partners as its price is falling. To short a 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 a stock 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.

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

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TOO, twice per month. The most recent reporting period available is January, 15 2020.