Short Interest in Teck Resources Limited (OTCMKTS:TCKRF) Drops By 89.5%

Teck Resources Limited (OTCMKTS:TCKRF) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 71 shares, a decline of 89.5% from the January 15th total of 675 shares. Based on an average trading volume of 464 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 464 shares, the short-interest ratio is presently 0.2 days.

Teck Resources Stock Performance

Shares of TCKRF traded up $2.44 during mid-day trading on Tuesday, reaching $56.26. 112 shares of the company’s stock were exchanged, compared to its average volume of 356. The business’s fifty day simple moving average is $49.08 and its 200-day simple moving average is $42.73. Teck Resources has a 52-week low of $30.50 and a 52-week high of $56.26.

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.