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.

December 31, 2024
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