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

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 124,200 shares, a decrease of 33.5% from the May 15th total of 186,700 shares. Based on an average daily volume of 111,500 shares, the short-interest ratio is currently 1.1 days. Approximately 1.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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 report on Monday.

Institutional Trading of Duos Technologies Group

A number of large investors have recently modified their holdings of DUOT. HighTower Advisors LLC increased its position in shares of Duos Technologies Group by 6.8% in the fourth quarter. HighTower Advisors LLC now owns 63,143 shares of the company's stock worth $378,000 after purchasing an additional 4,000 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 4,200 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Duos Technologies Group in the 4th quarter worth $74,000. XTX Topco Ltd purchased a new stake in shares of Duos Technologies Group during the 1st quarter valued at $82,000. Finally, Northern Trust Corp lifted its holdings in shares of Duos Technologies Group by 80.3% during the 4th quarter. Northern Trust Corp now owns 38,786 shares of the company's stock worth $232,000 after acquiring an additional 17,270 shares during the last quarter. Institutional investors own 42.61% of the company's stock.

Duos Technologies Group Stock Performance

NASDAQ DUOT opened at $7.56 on Tuesday. The company's 50 day simple moving average is $7.01 and its two-hundred day simple moving average is $6.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. Duos Technologies Group has a 1 year low of $2.03 and a 1 year high of $9.27. The stock has a market capitalization of $88.10 million, a PE ratio of -5.29 and a beta of 1.03.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $4.95 million for the quarter, compared to analysts' expectations of $4.60 million. Duos Technologies Group had a negative net margin of 143.17% and a negative return on equity of 271.06%. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. Analysts predict that Duos Technologies Group will post -1.34 earnings per share 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.

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