How Is The Market Feeling About Duolingo?
Portfolio Pulse from Benzinga Insights
Duolingo's short interest has decreased by 5.52%, with 2.03 million shares sold short, representing 5.48% of its float. This is higher than its peers' average of 5.28%. The decrease in short interest may indicate a more bullish sentiment.
October 25, 2024 | 1:00 pm
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Duolingo's short interest has decreased by 5.52%, now at 5.48% of its float. This decrease may indicate a shift towards a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against Duolingo, which can be interpreted as a positive sign for the stock. This change in sentiment could lead to upward pressure on the stock price.
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