Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Declines By 33.5%

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 124,200 shares, a drop of 33.5% from the May 15th total of 186,700 shares. Based on an average daily volume of 111,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lifted their target price on Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Monday.

Hedge Funds Weigh In On Duos Technologies Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUOT. Huntleigh Advisors Inc. bought a new stake in Duos Technologies Group during the first quarter valued at about $739,000. Informed Momentum Co LLC bought a new stake in Duos Technologies Group during the 1st quarter valued at approximately $528,000. AMH Equity Ltd acquired a new stake in Duos Technologies Group in the 1st quarter valued at approximately $282,000. Essex Investment Management Co. LLC bought a new position in Duos Technologies Group in the 4th quarter worth approximately $116,000. Finally, LPL Financial LLC acquired a new position in shares of Duos Technologies Group during the fourth quarter worth approximately $107,000. Institutional investors and hedge funds own 42.61% of the company's stock.

Duos Technologies Group Stock Down 0.3%

DUOT traded down $0.02 on Friday, reaching $7.21. 218,336 shares of the company traded hands, compared to its average volume of 127,902. Duos Technologies Group has a 52-week low of $2.03 and a 52-week high of $9.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.53 and a quick ratio of 0.50. The company has a market cap of $84.00 million, a price-to-earnings ratio of -6.01 and a beta of 1.03. The stock's 50 day moving average price is $7.18 and its 200-day moving average price is $6.31.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). Duos Technologies Group had a negative net margin of 90.41% and a negative return on equity of 331.38%. The company had revenue of $4.95 million during the quarter, compared to the consensus estimate of $4.60 million. During the same period in the previous year, the firm posted ($0.38) earnings per share. On average, sell-side analysts expect that Duos Technologies Group will post -1.34 EPS for the current fiscal year.

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.