Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Update

Duos Technologies Group, Inc. (NASDAQ:DUOT) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 108,500 shares, a decrease of 9.5% from the September 15th total of 119,900 shares. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is presently 3.3 days.

Duos Technologies Group Stock Performance

DUOT stock traded down $0.31 during mid-day trading on Thursday, hitting $3.83. The company had a trading volume of 83,347 shares, compared to its average volume of 36,183. The firm has a market cap of $28.85 million, a PE ratio of -2.32 and a beta of 1.18. Duos Technologies Group has a 12 month low of $1.93 and a 12 month high of $5.74. The stock’s fifty day moving average price is $2.72 and its two-hundred day moving average price is $2.80.

Duos Technologies Group (NASDAQ:DUOT) last posted its earnings results on Tuesday, August 13th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.12). Duos Technologies Group had a negative return on equity of 248.58% and a negative net margin of 213.96%. The company had revenue of $1.51 million for the quarter, compared to analysts’ expectations of $1.40 million. During the same quarter in the prior year, the company earned ($0.42) EPS. Equities analysts anticipate that Duos Technologies Group will post -1.15 earnings per share for the current year.

Hedge Funds Weigh In On Duos Technologies Group

A number of institutional investors have recently made changes to their positions in DUOT. Warberg Asset Management LLC purchased a new stake in Duos Technologies Group in the second quarter worth approximately $36,000. Virtu Financial LLC bought a new position in shares of Duos Technologies Group during the 1st quarter valued at $51,000. Finally, Diversified Investment Strategies LLC raised its position in 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 purchasing an additional 15,000 shares during the period. Institutional investors own 42.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets upped their price target 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.

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.