Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Decreases By 55.5%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 26,500 shares, a decrease of 55.5% from the November 30th total of 59,600 shares. Based on an average trading volume of 78,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Duos Technologies Group

An institutional investor recently bought a new position in Duos Technologies Group stock. Warberg Asset Management LLC bought a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,584 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned 0.17% of Duos Technologies Group as of its most recent SEC filing. 42.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DUOT has been the topic of several recent analyst reports. Ascendiant Capital Markets upped their price target on Duos Technologies Group from $6.00 to $7.50 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Northland Securities upped their target price on shares of Duos Technologies Group from $5.50 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

Duos Technologies Group Trading Down 4.6 %

Duos Technologies Group stock traded down $0.31 during trading on Friday, hitting $6.38. The company had a trading volume of 107,232 shares, compared to its average volume of 46,195. The stock has a market cap of $53.66 million, a price-to-earnings ratio of -4.46 and a beta of 1.13. 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 1-year low of $1.93 and a 1-year high of $6.81. The company’s 50 day simple moving average is $4.77 and its 200-day simple moving average is $3.47.

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.