Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Expands By 35.6%

Duos Technologies Group, Inc. (NASDAQ:DUOT) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 110,100 shares, a growth of 35.6% from the February 28th total of 81,200 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 127,300 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

DUOT has been the topic of several recent research reports. Ascendiant Capital Markets lifted their price target on shares of Duos Technologies Group from $6.00 to $7.50 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Northland Securities lifted their price target on Duos Technologies Group from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th.

Duos Technologies Group Stock Down 19.9 %

NASDAQ:DUOT traded down $1.12 during trading hours on Tuesday, hitting $4.52. 73,504 shares of the stock traded hands, compared to its average volume of 130,789. The firm has a market cap of $38.02 million, a price-to-earnings ratio of -3.16 and a beta of 1.02. The firm has a 50 day moving average price of $6.31 and a 200 day moving average price of $5.14. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Duos Technologies Group has a fifty-two week low of $2.03 and a fifty-two week high of $8.53.

Duos Technologies Group (NASDAQ:DUOT) last released its earnings results on Monday, April 7th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.11). The business had revenue of $1.46 million for the quarter, compared to analysts’ expectations of $2.75 million. Duos Technologies Group had a negative net margin of 143.17% and a negative return on equity of 271.06%. During the same period last year, the firm earned ($1.56) EPS. Equities research analysts anticipate that Duos Technologies Group will post -1.34 earnings per share for the current year.

Institutional Investors Weigh In On Duos Technologies Group

Several hedge funds have recently modified their holdings of DUOT. Citadel Advisors LLC acquired a new position in Duos Technologies Group in the fourth quarter valued at about $74,000. Northern Trust Corp increased its position in Duos Technologies Group by 80.3% in the 4th quarter. Northern Trust Corp now owns 38,786 shares of the company’s stock valued at $232,000 after acquiring an additional 17,270 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Duos Technologies Group by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock valued at $424,000 after purchasing an additional 4,200 shares during the last quarter. LPL Financial LLC bought a new position in Duos Technologies Group in the 4th quarter worth approximately $107,000. Finally, HighTower Advisors LLC raised its position in Duos Technologies Group by 6.8% in the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company’s stock worth $378,000 after purchasing an additional 4,000 shares during the last quarter. 42.61% of the stock is owned by institutional investors.

Duos Technologies Group Company Profile

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.