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

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 29,400 shares, an increase of 10.9% from the December 15th total of 26,500 shares. Based on an average daily volume of 92,500 shares, the short-interest ratio is presently 0.3 days.

Duos Technologies Group Stock Up 8.0 %

DUOT traded up $0.43 during trading on Monday, hitting $5.80. 180,684 shares of the company’s stock were exchanged, 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 stock has a market cap of $48.78 million, a P/E ratio of -4.06 and a beta of 1.12. The business’s 50 day moving average is $5.30 and its two-hundred day moving average is $3.83. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On Duos Technologies Group

A hedge fund recently bought a new stake in Duos Technologies Group stock. FNY Investment Advisers LLC acquired a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,053 shares of the company’s stock, valued at approximately $66,000. FNY Investment Advisers LLC owned about 0.13% of Duos Technologies Group at the end of the most recent reporting period. 42.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DUOT shares. Northland Securities increased their price objective on shares of Duos Technologies Group from $5.50 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Ascendiant Capital Markets increased their price target on Duos Technologies Group from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Tuesday, December 17th.

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.