Short Interest in Teekay Co. (NYSE:TK) Declines By 32.6%

Teekay Co. (NYSE:TK) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 609,100 shares, a decline of 32.6% from the February 29th total of 903,300 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 710,700 shares, the short-interest ratio is currently 0.9 days.

Teekay Trading Up 0.6 %

TK traded up $0.04 on Friday, hitting $7.28. The company had a trading volume of 348,994 shares, compared to its average volume of 561,928. The firm has a market cap of $662.11 million, a P/E ratio of 4.76 and a beta of 0.64. Teekay has a 1 year low of $5.01 and a 1 year high of $9.27. The company’s fifty day moving average price is $7.82 and its 200 day moving average price is $7.24. The company has a current ratio of 5.33, a quick ratio of 5.03 and a debt-to-equity ratio of 0.07.

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

Institutional Trading of Teekay

Large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Teekay by 52.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 647,618 shares of the shipping company’s stock worth $3,996,000 after buying an additional 223,025 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Teekay by 191.0% in the third quarter. Los Angeles Capital Management LLC now owns 271,110 shares of the shipping company’s stock valued at $1,673,000 after purchasing an additional 177,930 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Teekay in the third quarter valued at approximately $109,000. GSA Capital Partners LLP acquired a new position in Teekay in the third quarter valued at approximately $1,959,000. Finally, Acadian Asset Management LLC boosted its holdings in Teekay by 54.2% in the third quarter. Acadian Asset Management LLC now owns 1,187,635 shares of the shipping company’s stock valued at $7,324,000 after purchasing an additional 417,229 shares in the last quarter. 46.73% of the stock is currently owned by hedge funds and other institutional investors.

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.