Devon Energy Corporation
NYSEShort sellers sharply raised bets against DVN in recent weeks. Devon Energy now faces 33.2 million shares short as of March 31, a jump of 115% in just two weeks. The surge pushed short interest up 72% over the past month. Days to cover sits at a modest 1.57, suggesting short sellers could exit quickly if conditions shift. Despite the intense short activity, borrowing costs remain low. Cost to borrow stands at just 0.49% APR. Utilization dropped to 5.46% from a 52-week high of 9.67% hit in late March. Plenty of shares remain available to borrow. The timing of the short buildup coincides with Devon's recent price weakness. Shares dropped 6.3% over the past month to close at $45.60 on April 21. The stock did tick up 1.5% on Monday and gained 0.8% for the week. Options traders show neutral sentiment. The put/call ratio of 0.51 sits near its 20-day average, indicating balanced positioning between bullish and bearish bets. Devon reports Q1 earnings on May 4. The energy producer operates in a sector that saw crude oil prices fluctuate amid shifting global demand signals and geopolitical tensions. Short sellers appear to be positioning ahead of the release, betting on further downside in the stock. The rapid short interest increase stands out as the most notable development. Whether these bets pay off depends on Devon's upcoming results and broader energy market trends. This is not financial advice. ORTEX data may contain errors.
Devon Energy Draws Heavy Short Seller Fire
Short sellers sharply raised bets against DVN in recent weeks. Devon Energy now faces 33.2 million shares short as of March 31, a jump of 115% in just two weeks. The surge pushed short interest up 72% over the past month. Days to cover sits at a modest 1.57, suggesting short sellers could exit quickly if conditions shift. Despite the intense short activity, borrowing costs remain low. Cost to borrow stands at just 0.49% APR. Utilization dropped to 5.46% from a 52-week high of 9.67% hit in late March. Plenty of shares remain available to borrow. The timing of the short buildup coincides with Devon's recent price weakness. Shares dropped 6.3% over the past month to close at $45.60 on April 21. The stock did tick up 1.5% on Monday and gained 0.8% for the week. Options traders show neutral sentiment. The put/call ratio of 0.51 sits near its 20-day average, indicating balanced positioning between bullish and bearish bets. Devon reports Q1 earnings on May 4. The energy producer operates in a sector that saw crude oil prices fluctuate amid shifting global demand signals and geopolitical tensions. Short sellers appear to be positioning ahead of the release, betting on further downside in the stock. The rapid short interest increase stands out as the most notable development. Whether these bets pay off depends on Devon's upcoming results and broader energy market trends. This is not financial advice. ORTEX data may contain errors.
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Snapshot as of 21 Jun 2026
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