Teekay Co. (NYSE:TK – Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 743,000 shares, a decline of 20.1% from the August 31st total of 929,500 shares. Based on an average daily trading volume, of 569,300 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the shares of the company are short sold.
Teekay Stock Performance
Shares of TK stock traded down $0.12 on Friday, reaching $9.27. 677,116 shares of the company were exchanged, compared to its average volume of 637,685. The company has a market cap of $843.11 million, a price-to-earnings ratio of 5.72 and a beta of 0.59. The business has a 50-day moving average price of $8.25 and a 200 day moving average price of $8.27. Teekay has a 1 year low of $5.70 and a 1 year high of $9.95.
Teekay (NYSE:TK – Get Free Report) last released its earnings results on Thursday, August 1st. The shipping company reported $0.35 EPS for the quarter. The business had revenue of $326.14 million during the quarter. Teekay had a net margin of 11.18% and a return on equity of 7.03%.
Hedge Funds Weigh In On Teekay
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Teekay from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.
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.
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