Cenovus Energy Inc (NYSE:CVE) Shares Shorted: Short Interest Down 37.0% in September

Posted by Brian Himes on Oct 18th, 2026

Cenovus Energy Inc (NYSE:CVE – Get Free Report) (TSE:CVE) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 37,556,410 shares, a decline of 37.0% from the September 15th total of 59,607,951 shares. Based on an average daily volume of 6,436,276 shares, the short-interest ratio is currently 5.8 days. Currently, 2.1% of the shares of the company are short sold.

Cenovus Energy Stock Performance

Shares of NYSE:CVE opened at $32.95 on Friday. The company’s 50 day moving average price is $31.96 and its two-hundred day moving average price is $29.08. Cenovus Energy has a 12-month low of $15.63 and a 12-month high of $34.16. The firm has a market cap of $59.86 billion, a PE ratio of 12.68 and a beta of 0.46. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.25.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. The company had revenue of $14.59 billion during the quarter, compared to the consensus estimate of $11.87 billion. Cenovus Energy had a net margin of 12.37% and a return on equity of 21.08%. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Equities research analysts predict that Cenovus Energy will post 4.12 earnings per share for the current year.

Cenovus Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a dividend of C$0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 15th. Cenovus Energy’s dividend payout ratio is presently 24.62%.

Institutional Trading of Cenovus Energy

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Cenovus Energy by 111.2% in the first quarter. Bank of America Corp DE now owns 22,770,723 shares of the oil and gas company’s stock valued at $604,107,000 after purchasing an additional 11,990,405 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Cenovus Energy by 13.6% during the first quarter. The Manufacturers Life Insurance Company now owns 17,730,316 shares of the oil and gas company’s stock worth $470,118,000 after buying an additional 2,117,875 shares in the last quarter. GQG Partners LLC acquired a new stake in Cenovus Energy during the second quarter worth about $411,552,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cenovus Energy during the second quarter worth about $355,752,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Cenovus Energy by 0.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 9,696,020 shares of the oil and gas company’s stock valued at $305,599,000 after buying an additional 32,151 shares in the last quarter. 51.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CVE has been the subject of a number of research reports. Morgan Stanley restated an “overweight” rating on shares of Cenovus Energy in a research note on Wednesday, August 19th. Scotiabank reaffirmed an “outperform” rating on shares of Cenovus Energy in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Cenovus Energy in a research note on Thursday, August 27th. Gerdes Energy Research raised shares of Cenovus Energy from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, September 2nd. Finally, Desjardins raised shares of Cenovus Energy to a “moderate buy” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $39.00.

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About Cenovus Energy

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Cenovus Energy Inc (NYSE:CVE) is an integrated Canadian energy company engaged in the exploration, development, production, transportation, and marketing of crude oil and natural gas. Its upstream operations include oil sands projects in northern Alberta, as well as conventional oil and natural gas assets in Canada.

The company also operates oil sands upgraders, refineries, and related infrastructure. Through its downstream business, Cenovus produces and markets refined petroleum products, including gasoline, diesel, jet fuel, asphalt, and other products.