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

Duos Technologies Group, Inc. (NASDAQ:DUOT) saw a significant increase in short interest during 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. Based on an average daily trading volume, of 127,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Duos Technologies Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC purchased a new position in shares of Duos Technologies Group during the fourth quarter worth approximately $116,000. LPL Financial LLC purchased a new position in Duos Technologies Group during the 4th quarter worth $107,000. Northern Trust Corp raised its position in Duos Technologies Group by 80.3% during the 4th 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. Citadel Advisors LLC purchased a new stake in shares of Duos Technologies Group in the 4th quarter worth $74,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Duos Technologies Group during the 4th quarter worth $66,000. Institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Trading Down 2.1 %

Duos Technologies Group stock traded down $0.11 during mid-day trading on Monday, hitting $5.20. The company’s stock had a trading volume of 36,078 shares, compared to its average volume of 131,443. Duos Technologies Group has a one year low of $2.03 and a one year high of $8.53. The stock has a market cap of $43.74 million, a PE ratio of -3.64 and a beta of 1.02. The company has a 50 day moving average of $6.31 and a 200-day moving average of $5.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.73.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Ascendiant Capital Markets increased their target price on shares of 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 increased their price objective on shares of Duos Technologies Group from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th.

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.