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

Diversified Energy Company PLC (NYSE:DEC) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,120,000 shares, an increase of 14.5% from the March 31st total of 978,100 shares. Based on an average daily trading volume, of 215,600 shares, the days-to-cover ratio is currently 5.2 days. Currently, 2.5% of the company’s stock are sold short.

Institutional Trading of Diversified Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cannon Global Investment Management LLC bought a new stake in shares of Diversified Energy in the 1st quarter worth approximately $282,000. Royal London Asset Management Ltd. bought a new stake in Diversified Energy in the fourth quarter valued at $25,000. Fund 1 Investments LLC acquired a new position in shares of Diversified Energy during the fourth quarter valued at $56,000. Allianz Asset Management GmbH bought a new position in shares of Diversified Energy during the fourth quarter worth about $16,390,000. Finally, Rathbones Group PLC acquired a new stake in shares of Diversified Energy in the 4th quarter worth about $11,603,000. 26.51% of the stock is owned by institutional investors and hedge funds.

Diversified Energy Price Performance

Shares of DEC traded up $0.26 during mid-day trading on Monday, hitting $14.76. The stock had a trading volume of 210,073 shares, compared to its average volume of 192,070. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. Diversified Energy has a fifty-two week low of $10.54 and a fifty-two week high of $26.00. The company’s fifty day moving average price is $12.62.

Diversified Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 7.86%.

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.