Teekay Co. (NYSE:TK) Sees Large Increase in Short Interest

Teekay Co. (NYSE:TK) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 893,900 shares, an increase of 37.1% from the December 15th total of 652,100 shares. Based on an average trading volume of 945,800 shares, the short-interest ratio is currently 0.9 days. Currently, 1.5% of the company’s stock are sold short.

Institutional Trading of Teekay

A number of institutional investors have recently modified their holdings of TK. Renaissance Technologies LLC boosted its holdings in shares of Teekay by 19.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock valued at $36,114,000 after buying an additional 649,900 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Teekay by 108.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock worth $6,489,000 after purchasing an additional 367,527 shares in the last quarter. American Century Companies Inc. boosted its stake in Teekay by 27.2% in the 2nd quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after purchasing an additional 331,002 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Teekay by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after purchasing an additional 176,641 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Teekay by 26.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 358,685 shares of the shipping company’s stock worth $3,217,000 after purchasing an additional 74,461 shares in the last quarter. 46.73% of the stock is currently owned by institutional investors.

Teekay Trading Down 2.3 %

Shares of NYSE:TK traded down $0.18 during trading on Thursday, reaching $7.62. The stock had a trading volume of 181,499 shares, compared to its average volume of 710,311. Teekay has a one year low of $5.98 and a one year high of $9.95. The company has a market capitalization of $699.82 million, a P/E ratio of 5.08 and a beta of 0.54. The firm’s 50-day simple moving average is $7.15 and its 200 day simple moving average is $7.95.

Teekay Announces Dividend

The company also recently declared a — dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s dividend payout ratio is currently 16.67%.

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.