Will Teck Resources Ltd Ordinary Shares (NYSE:TECK) Run Out of Steam Soon? Short Interest is Up

September 30, 2018 - By Carolyn Hewitt

The stock of Teck Resources Ltd Ordinary Shares (NYSE:TECK) registered an increase of 8.1% in short interest. TECK’s total short interest was 5.70 million shares in September as published by FINRA. Its up 8.1% from 5.27 million shares, reported previously. With 1.91M shares average volume, it will take short sellers 3 days to cover their TECK’s short positions. The short interest to Teck Resources Ltd Ordinary Shares’s float is 1.12%.

The stock increased 0.50% or $0.12 during the last trading session, reaching $24.1. About 3.28 million shares traded or 37.47% up from the average. Teck Resources Limited (NYSE:TECK) has risen 0.23% since September 30, 2017 and is uptrending. It has underperformed by 15.39% the S&P500.

Teck Resources Limited explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. The company has market cap of $13.85 billion. The company??s principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; and lead concentrates. It has a 6.78 P/E ratio. It also produces molybdenum, gold, silver, germanium, indium, and cadmium, as well as chemicals, industrial products, and fertilizers.

More news for Teck Resources Limited (NYSE:TECK) were recently published by: Nasdaq.com, which released: “Teck’s Q3 2018 Financial Results and Investors’ Conference Call October 25, 2018” on September 27, 2018. Nasdaq.com‘s article titled: “Detailed Research: Economic Perspectives on Magna International, Sony, HMS, Silicon Motion Technology, IRHYTHM …” and published on September 26, 2018 is yet another important article.

Teck Resources Limited (NYSE:TECK) Ratings Chart

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