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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 6.57M | 1.32M | 4.97 |
| Aug 31, 2026 | 7.57M | 1.06M | 7.16 |
| Aug 14, 2026 | 7.09M | 1.57M | 4.50 |
| Jul 31, 2026 | 7.26M | 1M | 7.23 |
| Jul 15, 2026 | 7.49M | 982.81K | 7.63 |
| Jun 30, 2026 | 7.44M | 1.64M | 4.54 |
| Jun 15, 2026 | 7.91M | 1.58M | 5.01 |
| May 29, 2026 | 7.62M | 1.2M | 6.36 |
| May 15, 2026 | 7.78M | 2.45M | 3.17 |
| Apr 30, 2026 | 7.6M | 1.59M | 4.77 |
| Apr 15, 2026 | 7.83M | 1.76M | 4.44 |
| Mar 31, 2026 | 7.97M | 1.61M | 4.94 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe Duolingo shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.