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

Duos Technologies Group, Inc. (NASDAQ:DUOT) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 141,200 shares, a growth of 5.6% from the July 15th total of 133,700 shares. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is presently 3.5 days.

Duos Technologies Group Price Performance

Shares of NASDAQ:DUOT traded up $0.07 during mid-day trading on Monday, hitting $2.51. The company had a trading volume of 56,471 shares, compared to its average volume of 35,421. The firm has a fifty day moving average price of $2.77 and a 200 day moving average price of $3.19. The company has a market capitalization of $18.91 million, a PE ratio of -1.52 and a beta of 1.21. Duos Technologies Group has a one year low of $1.93 and a one year high of $5.98.

Duos Technologies Group (NASDAQ:DUOT) last posted its quarterly 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 net margin of 200.92% and a negative return on equity of 237.64%. The business had revenue of $1.51 million during the quarter, compared to analyst estimates of $1.40 million. During the same period in the previous year, the business posted ($0.42) EPS. Research analysts expect that Duos Technologies Group will post -0.88 earnings per share for the current fiscal year.

Institutional Trading of Duos Technologies Group

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Duos Technologies Group in the 1st quarter valued at $51,000. Warberg Asset Management LLC purchased a new position in Duos Technologies Group during the 2nd quarter worth $36,000. Mesirow Financial Investment Management Inc. purchased a new position in Duos Technologies Group during the 1st quarter worth $85,000. Spire Wealth Management purchased a new position in Duos Technologies Group during the 4th quarter worth $100,000. Finally, Diversified Investment Strategies LLC boosted its holdings in Duos Technologies Group by 25.0% during the 1st quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock worth $326,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 42.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lowered their price objective on shares of Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating for the company in a research note on Friday, June 7th.

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.