Peering Into Duolingo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Duolingo's short interest has decreased by 3.97%, with 5.8% of its float sold short. This is higher than its peers' average of 5.28%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 08, 2024 | 4:30 pm
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Duolingo's short interest has decreased by 3.97%, now at 5.8% of its float, which is higher than the peer average of 5.28%. This decrease may suggest a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Duolingo, which could indicate a more positive outlook on the stock. The fact that its short interest is still above the peer average might attract attention, but the reduction is a positive sign.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100