Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Decreases By 9.5%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 108,500 shares, a decline of 9.5% from the September 15th total of 119,900 shares. Based on an average daily trading volume, of 33,300 shares, the short-interest ratio is presently 3.3 days.

Duos Technologies Group Price Performance

DUOT stock traded down $0.31 during mid-day trading on Thursday, hitting $3.83. 83,347 shares of the stock were exchanged, compared to its average volume of 36,183. The business has a fifty day moving average price of $2.72 and a 200 day moving average price of $2.80. Duos Technologies Group has a 12 month low of $1.93 and a 12 month high of $5.74. The stock has a market capitalization of $28.85 million, a price-to-earnings ratio of -2.32 and a beta of 1.18.

Duos Technologies Group (NASDAQ:DUOT) last issued its 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). The firm had revenue of $1.51 million during the quarter, compared to analysts’ expectations of $1.40 million. Duos Technologies Group had a negative return on equity of 248.58% and a negative net margin of 213.96%. During the same period in the prior year, the company earned ($0.42) EPS. As a group, equities analysts forecast that Duos Technologies Group will post -1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Duos Technologies Group during the first quarter valued at about $51,000. Warberg Asset Management LLC purchased a new stake in Duos Technologies Group during the 2nd quarter valued at about $36,000. Finally, Diversified Investment Strategies LLC grew its position 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. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets raised their price objective on shares of Duos Technologies Group from $5.75 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

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.