Teekay Corporation (NYSE:TK) reported a rise of 0.8% or 38,123 shares in its short interest. The short figure came in at 10.4% of the total floats. The average daily volume of 1,522,397 shares suggests that the days to cover 4,594,308 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 4,556,185 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Teekay Corporation (NYSE:TK): The stock opened at $7.05 on Friday but the bulls could not build on the opening and the stock topped out at $7.59 for the day. The stock traded down to $7.05 during the day, due to lack of any buying support eventually closed down at $7.44 with a loss of -3.88% for the day. The stock had closed at $7.74 on the previous day. The total traded volume was 5,547,883 shares.
The company shares have dropped -82.61% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $44.58 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.17 and the 200 Day Moving Average price is recorded at $9.17.
Teekay Corporation (NYSE:TK) has tumbled 3.38% during the past week and has dropped 26.48% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.77%. Teekay Corporation (NYSE:TK) has underperformed the index by 24.26% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production, storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business, which consist of offshore logistics, offshore production, liquefied gas carriers and conventional tankers.