Looking Into Duolingo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Duolingo's (NYSE:DUOL) short interest has decreased by 8.85%, now standing at 2.03 million shares or 6.49% of its float. This decline in short interest, which now takes an average of 3.94 days to cover, could indicate a shift in market sentiment towards the stock. Despite this, Duolingo still has a higher short interest compared to its peers, with an average of 4.73% in their sector.
March 22, 2024 | 1:30 pm
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Duolingo's short interest has decreased, indicating a potential shift in market sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock, as fewer traders are betting on its price to fall. This could lead to a positive short-term impact on Duolingo's stock price, especially since it still has a higher short interest compared to its peers, indicating a significant level of market attention.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90