Short Interest To Observe: Time to Reconsider Teck Resources Limited (NYSE:TCK) After Less Short Sellers?

November 17, 2016 - By Richard Conner   ·   0 Comments

Short Interest To Observe: Time to Reconsider Teck Resources Limited (NYSE:TCK) After Less Short Sellers?

The stock of Teck Resources Limited (NYSE:TCK) registered a decrease of 7.64% in short interest. TCK’s total short interest was 46.01 million shares in November as published by FINRA. Its down 7.64% from 49.82M shares, reported previously. With 9.28 million shares average volume, it will take short sellers 5 days to cover their TCK’s short positions. The short interest to Teck Resources Limited’s float is 9.85%. About 635,704 shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 175.29% since April 15, 2016 and is uptrending. It has outperformed by 170.67% the S&P500.

Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $14.04 billion. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. It currently has negative earnings. Through its interests in mining and processing activities in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.

Teck Resources Ltd (USA) (NYSE:TCK) Ratings Coverage

Out of 18 analysts covering Teck Resources (NYSE:TCK), 8 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 44% are positive. Teck Resources has been the topic of 31 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, November 16 by Deutsche Bank. The firm has “Underperform” rating given on Thursday, March 24 by Raymond James. The rating was upgraded by TD Securities to “Buy” on Friday, April 1. The rating was upgraded by Clarkson Platou to “Buy” on Monday, July 18. The company was downgraded on Thursday, January 14 by Barclays Capital. JP Morgan maintained Teck Resources Ltd (USA) (NYSE:TCK) rating on Tuesday, April 19. JP Morgan has “Neutral” rating and $8 price target. Cowen & Co maintained the stock with “Market Perform” rating in Friday, July 24 report. The company was upgraded on Thursday, August 4 by Raymond James. The company was initiated on Thursday, May 19 by Goldman Sachs. The rating was initiated by Citigroup on Monday, November 7 with “Neutral”.

More notable recent Teck Resources Ltd (USA) (NYSE:TCK) news were published by: Fool.ca which released: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” on November 10, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Next Stop $40?” published on October 12, 2016, Fool.ca published: “Teck Resources Ltd.: The Rally Is Picking up Steam” on November 01, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “What’s Next for Teck Resources Ltd.?” published on October 20, 2016 as well as Fool.ca‘s news article titled: “Teck Resources Ltd.: Why Is the Rally so Strong?” with publication date: September 29, 2016.

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By Richard Conner


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