Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Rises By 228.5%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 111,700 shares, an increase of 228.5% from the January 15th total of 34,000 shares. Based on an average trading volume of 131,100 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

DUOT has been the topic of several research reports. Ascendiant Capital Markets boosted their price target on shares of Duos Technologies Group from $6.00 to $7.50 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Northland Securities upped their target price on shares of Duos Technologies Group from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th.

Hedge Funds Weigh In On Duos Technologies Group

Several hedge funds have recently modified their holdings of DUOT. Geode Capital Management LLC boosted its position in Duos Technologies Group by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock worth $424,000 after purchasing an additional 4,200 shares in the last quarter. LPL Financial LLC purchased a new stake in Duos Technologies Group in the 4th quarter worth approximately $107,000. HighTower Advisors LLC boosted its position in Duos Technologies Group by 6.8% in the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company’s stock worth $378,000 after purchasing an additional 4,000 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Duos Technologies Group in the 4th quarter worth approximately $116,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Duos Technologies Group during the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 42.61% of the company’s stock.

Duos Technologies Group Trading Up 2.1 %

Shares of DUOT traded up $0.15 during trading hours on Wednesday, reaching $7.17. 86,475 shares of the company traded hands, compared to its average volume of 173,221. The firm has a market cap of $60.30 million, a price-to-earnings ratio of -5.01 and a beta of 1.12. Duos Technologies Group has a 12-month low of $2.03 and a 12-month high of $8.53. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $5.91 and its 200 day moving average price is $4.28.

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.