Duos Technologies Group, Inc. (NASDAQ:DUOT) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DUOT. HighTower Advisors LLC raised its holdings in shares of Duos Technologies Group by 6.8% during the fourth quarter. HighTower Advisors LLC now owns 63,143 shares of the company’s stock valued at $378,000 after buying an additional 4,000 shares during the last quarter. Geode Capital Management LLC boosted its position in Duos Technologies Group by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock worth $424,000 after acquiring an additional 4,200 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Duos Technologies Group in the fourth quarter worth $66,000. Citadel Advisors LLC acquired a new position in shares of Duos Technologies Group during the fourth quarter valued at $74,000. Finally, Northern Trust Corp raised its stake in shares of Duos Technologies Group by 80.3% during the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company’s stock valued at $232,000 after purchasing an additional 17,270 shares in the last quarter. Institutional investors own 42.61% of the company’s stock.

Analyst Upgrades and Downgrades

DUOT has been the subject of several recent research reports. Ascendiant Capital Markets increased their price objective on shares of Duos Technologies Group from $6.00 to $7.50 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Northland Securities lifted their price target on shares of 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 %

DUOT stock traded down $1.12 during midday trading on Tuesday, hitting $4.52. 73,504 shares of the company’s stock were exchanged, compared to its average volume of 130,789. The stock has a market capitalization of $38.02 million, a price-to-earnings ratio of -3.16 and a beta of 1.02. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $6.31 and a 200-day moving average price of $5.14. Duos Technologies Group has a 12-month low of $2.03 and a 12-month high of $8.53.

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