Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Rises By 7.0%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 161,500 shares, an increase of 7.0% from the May 31st total of 151,000 shares. Based on an average daily trading volume, of 40,400 shares, the short-interest ratio is currently 4.0 days.

Duos Technologies Group Trading Down 4.7 %

DUOT traded down $0.14 on Tuesday, hitting $2.82. The company had a trading volume of 29,287 shares, compared to its average volume of 36,617. The firm has a market cap of $21.23 million, a P/E ratio of -1.71 and a beta of 1.20. Duos Technologies Group has a 1 year low of $1.93 and a 1 year high of $7.20. The company’s fifty day moving average price is $2.72 and its 200 day moving average price is $3.31.

Duos Technologies Group (NASDAQ:DUOT) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.05. The firm had revenue of $1.07 million for the quarter, compared to analyst estimates of $1.25 million. Duos Technologies Group had a negative net margin of 200.92% and a negative return on equity of 237.64%. On average, analysts predict that Duos Technologies Group will post -0.88 earnings per share for the current year.

Hedge Funds Weigh In On Duos Technologies Group

Institutional investors have recently bought and sold shares of the company. Tucker Asset Management LLC grew its position in shares of Duos Technologies Group by 10,829.0% during the third quarter. Tucker Asset Management LLC now owns 10,929 shares of the company’s stock worth $56,000 after buying an additional 10,829 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Duos Technologies Group during the first quarter worth about $51,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Duos Technologies Group during the first quarter worth about $85,000. Spire Wealth Management acquired a new position in Duos Technologies Group in the fourth quarter valued at approximately $100,000. Finally, Diversified Investment Strategies LLC boosted its holdings in Duos Technologies Group by 25.0% in the first quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock valued at $326,000 after purchasing an additional 15,000 shares in the last quarter. 42.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets reduced their price objective on shares of Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating on the stock in a report on Friday, June 7th.

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.