Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Increases By 7.1%

Posted by Anthony Miller on Nov 19th, 2024

Duos Technologies Group, Inc. (NASDAQ:DUOT – Get Free Report) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 124,300 shares, a growth of 7.1% from the October 15th total of 116,100 shares. Based on an average daily volume of 39,500 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets raised their price objective 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.

View Our Latest Stock Analysis on Duos Technologies Group

Institutional Trading of Duos Technologies Group

An institutional investor recently bought a new position in Duos Technologies Group stock. Warberg Asset Management LLC acquired a new stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 quarter. 42.61% of the stock is currently owned by institutional investors.

Duos Technologies Group Stock Up 0.2 %

Duos Technologies Group stock traded up $0.01 during mid-day trading on Tuesday, hitting $4.39. The company’s stock had a trading volume of 4,951 shares, compared to its average volume of 36,744. The firm’s 50 day moving average is $3.55 and its 200 day moving average is $2.97. Duos Technologies Group has a 52-week low of $1.93 and a 52-week high of $5.74.

About Duos Technologies Group

(Get Free Report)

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.