Peering Into Devon Energy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Devon Energy's (NYSE:DVN) short interest has risen by 4.2%, with 16.38 million shares sold short, representing 2.98% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, Devon Energy's short interest is still lower than the peer group average of 6.38%.
August 05, 2024 | 7:45 pm
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Devon Energy's short interest has increased by 4.2%, now at 2.98% of its float. This indicates a more bearish sentiment among investors, although its short interest is still below the peer group average of 6.38%.
The increase in short interest suggests that investors are becoming more bearish on Devon Energy. However, the short interest is still lower than the peer group average, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100