Looking Into Devon Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Devon Energy's (NYSE:DVN) short percent of float has decreased by 5.59% since its last report, with 15.14 million shares sold short, representing 2.7% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Devon Energy. Compared to its peers, Devon Energy has less short interest, with an average of 6.05% for its peer group.
July 07, 2023 | 1:16 pm
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Devon Energy's short interest has decreased, which could indicate a more bullish sentiment towards the company. This could potentially lead to an increase in the company's stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the company's stock price.
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