Devon Energy Corporation June 15th Short Interest Update

Devon Energy Corporation (NYSE:DVN) reported a rise of 6% or 861,707 shares in its short interest. The short figure came in at 3.1% of the total floats. The average daily volume of 7,741,709 shares suggests that the days to cover 15,285,416 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 14,423,709 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Devon Energy Corporation (NYSE:DVN): The stock opened at $36.43 on Friday but the bulls could not build on the opening and the stock topped out at $37.76 for the day. The stock traded down to $35.65 during the day, due to lack of any buying support eventually closed down at $35.85 with a loss of -7.60% for the day. The stock had closed at $38.80 on the previous day. The total traded volume was 18,759,463 shares.

The company shares have dropped -39.05% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $59.99 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $35.30 and the 200 Day Moving Average price is recorded at $29.39.

Devon Energy Corporation (NYSE:DVN) has tumbled 0.36% during the past week and has dropped 0.14% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.29% and the outperformance has advanced to 2.88% for the last 4 weeks period.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Companys operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S., Canada and EnLink. The Companys projects in North America include Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies and Canadian Heavy Oil. EnLinks operations consist of midstream assets and operations located across the United States. In Canada, the company has two main projects, Jackfish and Pike, located in Alberta, Canada. In addition, its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.

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