Teekay Co. (NYSE:TK) Short Interest Up 37.1% in December

Teekay Co. (NYSE:TK) was the target of a significant 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 daily trading volume, of 945,800 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the shares of the stock are sold short.

Teekay Trading Down 1.3 %

Shares of Teekay stock traded down $0.10 on Friday, hitting $7.42. 599,629 shares of the company traded hands, compared to its average volume of 760,445. Teekay has a 12-month low of $5.98 and a 12-month high of $9.95. The company has a market cap of $680.99 million, a P/E ratio of 4.94 and a beta of 0.54. The firm’s 50-day simple moving average is $7.13 and its 200 day simple moving average is $7.94.

Teekay Dividend Announcement

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

Institutional Investors Weigh In On Teekay

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its stake in shares of Teekay by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 45,400 shares of the shipping company’s stock valued at $315,000 after acquiring an additional 10,173 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Teekay in the fourth quarter valued at approximately $295,000. Diversified Trust Co lifted its position in Teekay by 13.2% in the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company’s stock valued at $112,000 after purchasing an additional 1,879 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after purchasing an additional 367,527 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Teekay by 23.0% in the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock worth $257,000 after purchasing an additional 5,223 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

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.