3.95% Less Teekay Corporation (NYSE:TK) Shares Shorted

Teekay Corporation (NYSE:TK) Corporate Logo

Change of 3.95% for Teekay Corporation (NYSE:TK)’s shares shorted was registered. It was announced in November by FINRA the 10.76 million shares shorted on TK. The down change of 3.95% from 11.20M shares was reported. Former TK’s position will need 26 days to recover. It has 420,600 average volume. Teekay Corporation’s shares shorted float is 15.85%.

TK is reaching $7.06 during the last trading session, after decreased 0.98%.Teekay Corporation has volume of 567,338 shares. Since November 10, 2017 TK has declined 28.41% and is downtrending. The stock underperformed the S&P 500 by 44.03%.

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally.The firm is valued at $709.07 million. It operates shuttle tankers, floating storage and offloading units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects.Currently it has negative earnings. The firm also operates floating production, storage, and offloading (FPSO) units, as well as other vessels used to service its FPSO contracts; liquefied natural gas (LNG) and liquefied petroleum gas carriers; and conventional crude oil and product tankers.

Teekay Corporation (NYSE:TK) Ratings Coverage

Total analysts of 3 have positions in Teekay (NYSE:TK) as follows: 1 rated it a “Buy”, 1 with “Sell” and 1 with “Hold”. The positive are 33%. Since June 13, 2018 according to StockzIntelligence Inc Teekay has 3 analyst reports. On Wednesday, June 13 Morgan Stanley maintained Teekay Corporation (NYSE:TK) rating. Morgan Stanley has “Underweight” rating and $6.5 target.

Another two news for Teekay Corporation (NYSE:TK) were recently released by: Globenewswire.com on October 26, 2018 with title “Teekay Group Announces Third Quarter 2018 Earnings Results Conference Calls”. The other Gurufocus.com‘s article was titled “Cobas Asset Management Comments on Teekay” and released on November 09, 2018.

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