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Duolingo, Inc. (NASDAQ:DUOL) shares are trading higher on Tuesday. This move follows extreme volatility. Shares hit a 52-week low of $91.61 last Friday.
The Nasdaq is up 2.94%, while the S&P 500 is up 2.41%.
Short Interest Declines
Short interest in the language platform recently decreased. It fell from 8.60 million to 7.63 million shares. Roughly 21.35% of available shares remain short. It would take 2.6 days for shorts to cover positions.
Analysts are apparently coming around to Duolingo’s ~$4B valuation, citing a strong balance sheet and long-term upside, with traders betting Q1 2026 earnings, scheduled for May 13, will validate the renewed optimism.
Technical Analysis
Duolingo is trading 1.3% above its 20-day SMA. …
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