Could Teck Resources Ltd Ordinary Shares (NYSE:TECK) Go Down After Its Newest Short Interest Report?

June 12, 2018 - By Jan Rainey

The stock of Teck Resources Ltd Ordinary Shares (NYSE:TECK) registered a decrease of 2.28% in short interest. TECK’s total short interest was 8.39M shares in June as published by FINRA. Its down 2.28% from 8.58 million shares, reported previously. With 3.45M shares average volume, it will take short sellers 2 days to cover their TECK’s short positions. The short interest to Teck Resources Ltd Ordinary Shares’s float is 1.64%.

The stock increased 0.27% or $0.08 during the last trading session, reaching $29.57. About 1.67 million shares traded. Teck Resources Limited (NYSE:TECK) has risen 46.20% since June 12, 2017 and is uptrending. It has outperformed by 33.63% 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 $16.95 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 8.18 P/E ratio. It also produces molybdenum, gold, silver, germanium, indium, and cadmium, as well as chemicals, industrial products, and fertilizers.

More recent Teck Resources Limited (NYSE:TECK) news were published by: Globenewswire.com which released: “Teck Media and Investor Webcast Advisory” on May 22, 2018. Also Globenewswire.com published the news titled: “New Research Coverage Highlights Sapiens International Corporation NV, pdvWireless, CenterState Bank …” on June 06, 2018. Globenewswire.com‘s news article titled: “Teck Named to 2018 Best 50 Corporate Citizens in Canada” with publication date: June 08, 2018 was also an interesting one.

Teck Resources Limited (NYSE:TECK) Ratings Chart

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