Could Teck Resources Ltd Ordinary Shares (NYSE:TECK) Skyrocket? The Stock Had Too Little Sellers

April 16, 2018 - By Migdalia James

The stock of Teck Resources Ltd Ordinary Shares (NYSE:TECK) registered a decrease of 14.26% in short interest. TECK’s total short interest was 11.63 million shares in April as published by FINRA. Its down 14.26% from 13.57M shares, reported previously. With 3.99 million 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 2.28%.

The stock decreased 1.96% or $0.52 during the last trading session, reaching $26.15. About 1.05M shares traded. Teck Resources Limited (NYSE:TECK) has risen 16.59% since April 16, 2017 and is uptrending. It has outperformed by 5.04% 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 $14.43 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 7.82 P/E ratio. It also produces molybdenum, gold, silver, germanium, indium, and cadmium, as well as chemicals, industrial products, and fertilizers.

Teck Resources Limited (NYSE:TECK) Ratings Chart

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