Devon Energy Corporation (NYSE:DVN) Short Interest Up 58.3% in March

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Devon Energy Corporation (NYSE:DVN) experienced a significant 58.3% increase in short interest during March, reaching 24,394,823 shares as of March 13th. Despite this, the company’s Q4 results slightly beat analyst expectations with an EPS of $0.82 and revenue of $4.12 billion. Analysts maintain a “Moderate Buy” consensus rating with a price target of $50.32, and the company recently declared a quarterly dividend of $0.24.

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