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Despite better-than-expected earnings, Devon Energy's short interest rises as analysts maintain a "Hold" rating.
Shares of Devon Energy (DVN) saw short interest rise by 22.5% to 25.88 million shares in December, with a days-to-cover ratio of 2.7 days.
The company reported better-than-expected Q4 earnings of $1.10 per share and a quarterly dividend of $0.22.
Several institutional investors have recently increased their holdings.
Despite analyst price target cuts, the stock has a "Hold" consensus rating with a $50.05 target price.
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A pesar de mejores ganancias de las esperadas, el corto interés de Devon Energy aumenta mientras los analistas mantienen una calificación de "Sostener".