Teck Resources Ltd June 15th Short Interest Update

Teck Resources Ltd (NYSE:TCK), A drop of 8,381,485 shares or 11.2% was seen in the short interest of Teck Resources Limited. Even as the interest dropped from 74,830,295 shares on May 31,2016 to 66,448,810 shares on June 15,2016, the days to cover came in at 7. The updated interest stood at 11.8% of the stocks floats. The stock has seen an average daily volume of 9,752,269 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Teck Resources Ltd (NYSE:TCK): The stock opened at $11.60 on Friday but the bulls could not build on the opening and the stock topped out at $12.29 for the day. The stock traded down to $11.44 during the day, due to lack of any buying support eventually closed down at $11.79 with a loss of -7.75% for the day. The stock had closed at $12.78 on the previous day. The total traded volume was 7,928,922 shares.

The company shares have rallied 13.69% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $12.84 and the one year low was seen on Jan 13, 2016. The 50-Day Moving Average price is $10.66 and the 200 Day Moving Average price is recorded at $7.27.

Teck Resources Ltd (NYSE:TCK) has tumbled 1.26% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 23.72% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.38% and the outperformance has advanced to 27.46% for the last 4 weeks period.

Teck Resources Ltd. is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc, primarily from its Red Dog mine in Alaska, the Antamina mine in northern Peru, and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project, Frontier oil sands project in various other oil sands leases in the exploration phase, including the Lease 421 Area.

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