Duos Technologies Group, Inc. (NASDAQ:DUOT) Sees Significant Growth in Short Interest

Key Points

• Short interest rose 21.5% in April to 1,817,057 shares (about 9.8% of shares outstanding) with a days-to-cover ratio of 3.5 based on average daily volume.
• Analyst sentiment is mixed — several downgrades from Zacks and Weiss but a buy call and higher $17 target from Ascendiant; MarketBeat shows a consensus rating of "Reduce" and a consensus price target of $17.00.
• The company has a market cap of $243.7M and opened at $8.25 (52-week range $5.78–$12.17); Q1 EPS of ($0.15) missed estimates while revenue of $9.46M beat expectations, and profitability metrics remain negative.

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,817,057 shares, a growth of 21.5% from the March 31st total of 1,495,087 shares. Currently, 9.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 517,932 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

A number of analysts recently weighed in on DUOT shares. Zacks Research downgraded Duos Technologies Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Duos Technologies Group in a report on Monday, April 20th. Ascendiant Capital Markets boosted their target price on shares of Duos Technologies Group from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Finally, Wall Street Zen raised shares of Duos Technologies Group from a "sell" rating to a "hold" rating in a research note on Sunday, April 19th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $17.00.

Institutional Trading of Duos Technologies Group

Institutional investors and hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC purchased a new stake in shares of Duos Technologies Group in the third quarter valued at $5,756,000. Northern Right Capital Management L.P. acquired a new stake in Duos Technologies Group during the third quarter worth approximately $5,723,000. Shay Capital LLC grew its stake in Duos Technologies Group by 2,646.1% in the 3rd quarter. Shay Capital LLC now owns 411,910 shares of the company's stock worth $3,032,000 after acquiring an additional 396,910 shares during the period. Vanguard Group Inc. grew its stake in Duos Technologies Group by 80.4% in the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company's stock worth $4,709,000 after acquiring an additional 285,235 shares during the period. Finally, Potomac Capital Management Inc. acquired a new position in Duos Technologies Group in the 4th quarter valued at $3,085,000. Hedge funds and other institutional investors own 42.61% of the company's stock.

Duos Technologies Group Price Performance

NASDAQ DUOT opened at $8.25 on Thursday. The business has a 50 day moving average price of $7.72 and a 200 day moving average price of $9.05. The company has a market capitalization of $243.73 million, a P/E ratio of -11.96 and a beta of 0.84. Duos Technologies Group has a 1-year low of $5.78 and a 1-year high of $12.17.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.14). Duos Technologies Group had a negative return on equity of 36.45% and a negative net margin of 36.40%.The firm had revenue of $9.46 million for the quarter, compared to analysts' expectations of $8.40 million. On average, research analysts expect that Duos Technologies Group will post 0.04 earnings per share for the current fiscal year.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company's core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.

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