Short Interest in Teck Resources Limited (OTCMKTS:TCKRF) Increases By 72.9%

Teck Resources Limited (OTCMKTS:TCKRF) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 880 shares, a growth of 72.9% from the May 14th total of 509 shares. Based on an average daily trading volume, of 353 shares, the days-to-cover ratio is currently 2.5 days.

Teck Resources Price Performance

Shares of TCKRF stock opened at $52.69 on Monday. The company’s fifty day simple moving average is $61.16 and its 200-day simple moving average is $54.07. Teck Resources has a 52 week low of $32.58 and a 52 week high of $69.72.

About Teck Resources

Teck Resources Limited (OTCMKTS:TCKRF) is a diversified natural resources company headquartered in Vancouver, Canada. Established in the early 20th century as the Consolidated Mining and Smelting Company of Canada, it has evolved into one of North America’s leading producers of copper, metallurgical coal, zinc, and energy. Teck’s vertically integrated operations span the full spectrum of mineral and metal production, from exploration and development through to mining, processing, and marketing.

Teck’s principal business activities include the extraction and processing of copper, a critical metal for electrification and renewable energy systems, as well as metallurgical coal used in steelmaking.