Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Rises By 7.0%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 161,500 shares, an increase of 7.0% from the May 31st total of 151,000 shares. Based on an average trading volume of 40,400 shares, the short-interest ratio is currently 4.0 days.

Hedge Funds Weigh In On Duos Technologies Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in Duos Technologies Group in the fourth quarter valued at about $100,000. Tucker Asset Management LLC boosted its position in Duos Technologies Group by 10,829.0% in the third quarter. Tucker Asset Management LLC now owns 10,929 shares of the company’s stock valued at $56,000 after buying an additional 10,829 shares in the last quarter. Diversified Investment Strategies LLC boosted its position in Duos Technologies Group by 25.0% in the first quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock valued at $326,000 after buying an additional 15,000 shares in the last quarter. Virtu Financial LLC acquired a new position in Duos Technologies Group in the first quarter valued at about $51,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in Duos Technologies Group in the first quarter valued at about $85,000. 42.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets decreased their target price on shares of Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating on the stock in a research report on Friday, June 7th.

Duos Technologies Group Price Performance

Shares of Duos Technologies Group stock traded down $0.14 during trading on Tuesday, hitting $2.82. 29,287 shares of the company’s stock traded hands, compared to its average volume of 36,617. The firm’s fifty day moving average price is $2.72 and its 200 day moving average price is $3.31. Duos Technologies Group has a twelve month low of $1.93 and a twelve month high of $7.20. The company has a market cap of $21.23 million, a PE ratio of -1.71 and a beta of 1.20.

Duos Technologies Group (NASDAQ:DUOT) last issued its earnings results on Monday, May 13th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.05. Duos Technologies Group had a negative net margin of 200.92% and a negative return on equity of 237.64%. The business had revenue of $1.07 million for the quarter, compared to analyst estimates of $1.25 million. As a group, equities research analysts anticipate that Duos Technologies Group will post -0.88 earnings per share for the current year.

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.