Devon Energy Corporation (NYSE:DVN) Short Interest Down 19.5% in February

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Devon Energy Corporation (NYSE:DVN) experienced a significant 19.5% decrease in short interest during February, settling at 15.4 million shares by February 27th. This reduction leaves the short-interest ratio at 1.5 days based on average daily volume, with approximately 2.5% of the stock’s shares sold short. The company recently reported strong quarterly earnings, beating analyst estimates with $0.82 EPS and $17.19 billion in revenue, and declared a quarterly dividend of $0.24, implying a 2.1% yield.

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