Diversified Energy Company PLC (NYSE:DEC) Short Interest Update

Diversified Energy Company PLC (NYSE:DEC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 986,800 shares, a drop of 6.9% from the May 31st total of 1,060,000 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 203,400 shares, the days-to-cover ratio is currently 4.9 days.

Wall Street Analysts Forecast Growth

Separately, Truist Financial assumed coverage on shares of Diversified Energy in a report on Tuesday, June 25th. They set a “buy” rating and a $18.00 price objective for the company.

Institutional Trading of Diversified Energy

A number of institutional investors have recently bought and sold shares of the stock. Royal London Asset Management Ltd. bought a new stake in Diversified Energy in the fourth quarter worth $25,000. Fund 1 Investments LLC bought a new stake in shares of Diversified Energy during the fourth quarter worth $56,000. Susquehanna International Securities Ltd. purchased a new position in shares of Diversified Energy during the first quarter valued at $131,000. Virtu Financial LLC purchased a new position in shares of Diversified Energy during the first quarter valued at $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Diversified Energy in the fourth quarter valued at about $190,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Trading Up 3.8 %

Shares of DEC stock traded up $0.51 on Tuesday, reaching $14.04. The company’s stock had a trading volume of 551,060 shares, compared to its average volume of 255,132. The stock’s fifty day simple moving average is $14.08. Diversified Energy has a 1 year low of $10.54 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.48.

Diversified Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date of this dividend is Friday, August 30th.

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.