Diversified Energy Company PLC (NYSE:DEC) Short Interest Up 43.0% in April

Diversified Energy Company PLC (NYSE:DEC - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,630,000 shares, a growth of 43.0% from the March 31st total of 1,140,000 shares. Approximately 3.4% of the company's stock are short sold. Based on an average daily trading volume, of 539,600 shares, the short-interest ratio is presently 3.0 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. KeyCorp decreased their price target on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Mizuho began coverage on Diversified Energy in a research report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price objective on the stock. Truist Financial boosted their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Citigroup initiated coverage on shares of Diversified Energy in a research report on Tuesday, April 29th. They set a "buy" rating and a $16.00 price objective for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of Diversified Energy during the third quarter worth approximately $384,000. Barclays PLC increased its stake in Diversified Energy by 166.9% in the third quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after purchasing an additional 322,986 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Diversified Energy by 30.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,159 shares of the company's stock worth $1,128,000 after buying an additional 23,126 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Diversified Energy during the 4th quarter worth about $390,000. Finally, Artemis Investment Management LLP acquired a new stake in Diversified Energy in the fourth quarter valued at approximately $5,979,000. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Down 1.2 %

DEC stock traded down $0.15 during midday trading on Monday, hitting $12.89. 351,055 shares of the stock traded hands, compared to its average volume of 360,294. The stock's fifty day simple moving average is $12.32 and its 200-day simple moving average is $14.26. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.70.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Friday, May 30th.

Diversified Energy Company Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.