Teck Resources Limited (OTCMKTS:TCKRF) Sees Significant Increase in Short Interest

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

Teck Resources Trading Up 0.2%

TCKRF stock opened at $52.69 on Wednesday. Teck Resources has a 12-month low of $32.58 and a 12-month high of $69.72. The business’s 50-day moving average is $61.22 and its 200 day moving average is $54.23.

Teck Resources Company Profile

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.