Teck Resources Ltd (NYSE:TECK) Shares Shorted: Short Interest Up 85.3% in September

Posted by Brian Himes on Oct 1st, 2026

Teck Resources Ltd (NYSE:TECK – Get Free Report) (TSE:TECK) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 13,955,380 shares, a growth of 85.3% from the August 31st total of 7,530,763 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 3,130,326 shares, the days-to-cover ratio is currently 4.5 days.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. Weiss Ratings raised shares of Teck Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on shares of Teck Resources from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Finally, Raymond James Financial raised shares of Teck Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.25.

Get Our Latest Analysis on Teck Resources

Teck Resources Trading Up 1.5%

NYSE TECK opened at $65.86 on Thursday. Teck Resources has a 12 month low of $38.00 and a 12 month high of $72.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.33. The company has a market capitalization of $31.82 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94. The company’s fifty day moving average price is $65.84 and its two-hundred day moving average price is $61.28.

Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.40. Teck Resources had a net margin of 17.85% and a return on equity of 10.42%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 78.2% compared to the same quarter last year. As a group, research analysts predict that Teck Resources will post 4.07 earnings per share for the current fiscal year.

Teck Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were issued a C$0.12 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. Teck Resources’s payout ratio is 9.76%.

Hedge Funds Weigh In On Teck Resources

Several institutional investors have recently made changes to their positions in TECK. Norges Bank acquired a new position in shares of Teck Resources in the fourth quarter worth $404,880,000. HBK Investments L P boosted its position in Teck Resources by 264.2% during the second quarter. HBK Investments L P now owns 5,773,121 shares of the basic materials company’s stock valued at $343,270,000 after purchasing an additional 4,188,029 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Teck Resources in the fourth quarter valued at about $169,999,000. Principal Financial Group Inc. grew its stake in Teck Resources by 17.1% in the first quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock valued at $1,139,051,000 after purchasing an additional 3,211,985 shares in the last quarter. Finally, Hancock Prospecting Pty Ltd increased its position in Teck Resources by 31.7% in the 4th quarter. Hancock Prospecting Pty Ltd now owns 10,298,293 shares of the basic materials company’s stock worth $493,185,000 after purchasing an additional 2,477,344 shares during the last quarter. 78.06% of the stock is owned by institutional investors.

About Teck Resources

(Get Free Report)

Teck Resources Limited is a Canadian mining and metals company headquartered in Vancouver, British Columbia. The company focuses primarily on the exploration, development and production of copper and zinc, which are used in construction, infrastructure, manufacturing and the global energy transition.

Teck’s copper operations include the Highland Valley Copper mine in British Columbia, the Carmen de Andacollo mine in Chile and the Quebrada Blanca operation in northern Chile. Its zinc business includes the Red Dog mine in Alaska, one of the world’s significant zinc-producing operations.