Peering Into Duolingo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Duolingo's (NYSE:DUOL) short interest has decreased by 5.64% since the last report, with 1.94 million shares sold short, representing 6.02% of its float. This decline in short interest could indicate a more bullish sentiment towards DUOL, despite it having a higher short interest than its peer group average of 4.45%.
April 17, 2024 | 7:30 pm
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Duolingo's short interest has decreased, indicating a potential shift towards a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Duolingo, this reduction in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's higher than its peers, indicating a significant change in sentiment.
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