(DVN) - Analyzing Devon Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Devon Energy's (NYSE:DVN) short percent of float has fallen 14.92% since its last report, with 11.81 million shares sold short, which is 2.11% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Devon Energy has less short interest as a percentage of float, with an average of 6.44%.
September 20, 2023 | 5:00 pm
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Devon Energy's decrease in short interest could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could drive up the stock price. Given that Devon Energy's short interest has decreased significantly, this could potentially have a positive impact on its stock price in the short term.
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