Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Expands By 5.6%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 141,200 shares, an increase of 5.6% from the July 15th total of 133,700 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 3.5 days.

Institutional Trading of Duos Technologies Group

A number of institutional investors have recently modified their holdings of DUOT. Warberg Asset Management LLC bought a new stake in Duos Technologies Group during the 2nd quarter worth approximately $36,000. Virtu Financial LLC bought a new stake in Duos Technologies Group during the 1st quarter worth approximately $51,000. Mesirow Financial Investment Management Inc. bought a new stake in Duos Technologies Group during the 1st quarter worth approximately $85,000. Spire Wealth Management increased its holdings in shares of Duos Technologies Group by 150.7% in the 1st quarter. Spire Wealth Management now owns 86,557 shares of the company’s stock worth $376,000 after buying an additional 52,034 shares during the last quarter. Finally, Diversified Investment Strategies LLC increased its holdings in shares of Duos Technologies Group by 25.0% in the 1st quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock worth $326,000 after buying an additional 15,000 shares during the last quarter. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets decreased their target price on shares of Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating for the company in a research report on Friday, June 7th.

Duos Technologies Group Stock Down 3.6 %

Duos Technologies Group stock traded down $0.09 during midday trading on Tuesday, hitting $2.42. 8,916 shares of the stock were exchanged, compared to its average volume of 35,255. The stock has a market capitalization of $18.23 million, a price-to-earnings ratio of -1.52 and a beta of 1.21. Duos Technologies Group has a 52-week low of $1.93 and a 52-week high of $5.98. The business’s 50-day moving average price is $2.77 and its 200-day moving average price is $3.19.

Duos Technologies Group (NASDAQ:DUOT) last released its earnings results on Tuesday, August 13th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.12). The company had revenue of $1.51 million during the quarter, compared to analysts’ expectations of $1.40 million. Duos Technologies Group had a negative net margin of 200.92% and a negative return on equity of 237.64%. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. On average, sell-side analysts predict that Duos Technologies Group will post -0.88 earnings per share for the current fiscal year.

About Duos Technologies Group

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.