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

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 116,100 shares, an increase of 7.0% from the September 30th total of 108,500 shares. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is presently 3.1 days.

Duos Technologies Group Price Performance

Shares of NASDAQ:DUOT traded down $0.51 on Friday, hitting $4.25. The company’s stock had a trading volume of 41,947 shares, compared to its average volume of 36,385. The company has a 50-day simple moving average of $3.01 and a 200 day simple moving average of $2.84. Duos Technologies Group has a 1 year low of $1.93 and a 1 year high of $5.74. The company has a market capitalization of $32.68 million, a PE ratio of -2.68 and a beta of 1.18.

Duos Technologies Group (NASDAQ:DUOT) last announced its quarterly earnings data 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 firm had revenue of $1.51 million for the quarter, compared to analysts’ expectations of $1.40 million. Duos Technologies Group had a negative net margin of 213.96% and a negative return on equity of 248.58%. During the same period in the prior year, the business posted ($0.42) earnings per share. On average, equities research analysts expect that Duos Technologies Group will post -1.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

A hedge fund recently bought a new stake in Duos Technologies Group stock. Warberg Asset Management LLC purchased a new position in Duos Technologies Group, Inc. (NASDAQ:DUOT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,584 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned 0.17% of Duos Technologies Group at the end of the most recent reporting period. 42.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets raised their target price on Duos Technologies Group from $5.75 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

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.