Teck Resources Limited (OTCMKTS:TCKRF) Short Interest Up 74.5% in February

Teck Resources Limited (OTCMKTS:TCKRF) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 363 shares, an increase of 74.5% from the February 12th total of 208 shares. Based on an average trading volume of 589 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 589 shares, the days-to-cover ratio is presently 0.6 days.

Teck Resources Trading Down 5.1%

TCKRF opened at $51.30 on Friday. Teck Resources has a one year low of $30.50 and a one year high of $62.00. The business’s 50-day simple moving average is $54.20 and its 200-day simple moving average is $46.36.

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.