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

Duos Technologies Group, Inc. (NASDAQ:DUOT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 29,400 shares, a growth 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.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Duos Technologies Group stock. FNY Investment Advisers LLC bought a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) in the fourth quarter, according to its most recent 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 approximately 0.13% of Duos Technologies Group as of its most recent filing with the Securities and Exchange Commission (SEC). 42.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DUOT shares. Northland Securities raised their price target on shares of Duos Technologies Group from $5.50 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Ascendiant Capital Markets raised their price objective on shares of Duos Technologies Group from $6.00 to $7.50 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Duos Technologies Group Price Performance

Shares of NASDAQ DUOT traded up $0.43 during mid-day trading on Monday, reaching $5.80. 180,684 shares of the company traded hands, compared to its average volume of 95,047. Duos Technologies Group has a fifty-two week low of $2.03 and a fifty-two week high of $8.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. The firm has a market cap of $48.78 million, a PE ratio of -4.06 and a beta of 1.12. The stock has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $3.83.

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.