X
<

A Deep Dive into Devon Energy’s Operational Performance

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Part 12
A Deep Dive into Devon Energy’s Operational Performance PART 12 OF 15

How Short Interest in Devon Energy Stock Is Evolving in 2017

Short interest in Devon Energy stock

On April 28, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~7.9 million, and its average daily volume was ~4.5 million. This means the short interest ratio for DVN stock was ~1.7x on that day.

When looked from the perspective of shares outstanding, current short interest in DVN as a percentage of shares outstanding is ~1.5%.

How Short Interest in Devon Energy Stock Is Evolving in 2017

Interested in DVN? Don't miss the next report.

Receive e-mail alerts for new research on DVN

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

As seen in the chart above, short interest in Devon Energy stock as a percentage of shares outstanding has decreased from ~1.8% to ~1.5% in 2017, despite an ~19% fall in DVN’s stock price during the same period. To learn more about DVN stock’s recent price performance, please refer to Part 1 of this series.

Other upstream players

Among the other upstream companies, California Resources (CRC) and Encana (ECA) have short interest as a percentage of shares outstanding of ~29.8% and ~1.9%, respectively. 

The Direxion Daily Energy Bull 3X ETF (ERX) is a leveraged ETF that invests in domestic companies from the energy sector.

X

Please select a profession that best describes you: