Short Interest in Diversified Energy Company PLC (NYSE:DEC) Declines By 8.3%

Diversified Energy Company PLC (NYSE:DEC - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 812,300 shares, a drop of 8.3% from the February 29th total of 886,000 shares. Based on an average trading volume of 170,400 shares, the days-to-cover ratio is currently 4.8 days.

Hedge Funds Weigh In On Diversified Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DEC. Royal London Asset Management Ltd. bought a new position in shares of Diversified Energy in the 4th quarter valued at about $25,000. Fund 1 Investments LLC bought a new stake in shares of Diversified Energy during the 4th quarter worth approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Diversified Energy during the fourth quarter worth $190,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Diversified Energy during the fourth quarter worth $212,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Diversified Energy in the fourth quarter valued at $255,000. 26.51% of the stock is owned by institutional investors and hedge funds.

Diversified Energy Stock Up 3.0 %

Shares of Diversified Energy stock traded up $0.37 during trading on Tuesday, reaching $12.56. 166,290 shares of the company were exchanged, compared to its average volume of 184,092. The business's 50-day simple moving average is $11.98. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $26.00.

About Diversified Energy

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.

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