Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Rises By 10.9%

Duos Technologies Group, Inc. (NASDAQ:DUOT) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 29,400 shares, an increase of 10.9% from the December 15th total of 26,500 shares. Based on an average daily volume of 92,500 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DUOT. Northland Securities lifted their price objective on shares of Duos Technologies Group from $5.50 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Ascendiant Capital Markets increased their price objective on Duos Technologies Group from $6.00 to $7.50 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Institutional Trading of Duos Technologies Group

An institutional investor recently bought a new position in Duos Technologies Group stock. FNY Investment Advisers LLC bought a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,053 shares of the company’s stock, valued at approximately $66,000. FNY Investment Advisers LLC owned about 0.13% of Duos Technologies Group at the end of the most recent reporting period. Institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Stock Performance

DUOT stock traded up $0.43 during midday trading on Monday, reaching $5.80. The stock had a trading volume of 180,684 shares, compared to its average volume of 95,047. The firm has a fifty day simple moving average of $5.30 and a two-hundred day simple moving average of $3.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.73. The stock has a market cap of $48.78 million, a PE ratio of -4.06 and a beta of 1.12. Duos Technologies Group has a 52-week low of $2.03 and a 52-week high of $8.53.

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.