Duos Technologies Group, Inc. (NASDAQ:DUOT) Sees Large Increase in Short Interest

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 510,300 shares, an increase of 37.7% from the July 31st total of 370,700 shares. Based on an average daily volume of 252,600 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 252,600 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DUOT. Ascendiant Capital Markets lifted their target price on Duos Technologies Group from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. Wall Street Zen raised shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.50.

Institutional Trading of Duos Technologies Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in shares of Duos Technologies Group by 80.3% during the 4th quarter. Northern Trust Corp now owns 38,786 shares of the company’s stock worth $232,000 after acquiring an additional 17,270 shares during the last quarter. Citadel Advisors LLC bought a new position in Duos Technologies Group in the fourth quarter valued at $74,000. Huntleigh Advisors Inc. purchased a new stake in Duos Technologies Group during the first quarter valued at about $739,000. AMH Equity Ltd bought a new stake in Duos Technologies Group during the first quarter worth about $282,000. Finally, XTX Topco Ltd purchased a new position in shares of Duos Technologies Group in the 1st quarter worth about $82,000. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Stock Performance

Shares of DUOT opened at $6.60 on Wednesday. The stock’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $6.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.37. Duos Technologies Group has a 52-week low of $2.25 and a 52-week high of $9.27. The stock has a market capitalization of $133.67 million, a price-to-earnings ratio of -6.17 and a beta of 1.10.

Duos Technologies Group (NASDAQ:DUOT) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The firm had revenue of $5.74 million for the quarter, compared to analysts’ expectations of $4.94 million. Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 297.45%. Duos Technologies Group has set its FY 2025 guidance at EPS. Research analysts forecast that Duos Technologies Group will post -1.34 EPS for the current fiscal 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.