Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Down 55.5% in December

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 26,500 shares, a decline of 55.5% from the November 30th total of 59,600 shares. Based on an average daily volume of 78,500 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

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

Duos Technologies Group Stock Down 4.6 %

Shares of Duos Technologies Group stock traded down $0.31 during trading on Friday, hitting $6.38. 107,232 shares of the stock were exchanged, compared to its average volume of 46,195. 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’s 50-day moving average price is $4.77 and its 200 day moving average price is $3.47. The stock has a market cap of $53.66 million, a price-to-earnings ratio of -4.46 and a beta of 1.13. Duos Technologies Group has a 12-month low of $1.93 and a 12-month high of $6.81.

Institutional Trading of Duos Technologies Group

A hedge fund recently bought a new stake in Duos Technologies Group stock. Warberg Asset Management LLC acquired a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,584 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned about 0.17% of Duos Technologies Group at the end of the most recent quarter. 42.61% of the stock is owned by institutional investors and hedge funds.

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.