Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Up 25.9% in August

Key Points

• Duos Technologies Group, Inc. reported a **25.9% increase** in short interest for August, reaching a total of **642,400 shares** as of August 31st.
• The company posted a quarterly loss of **($0.30) earnings per share**, which was below the consensus estimate, despite revenue exceeding expectations at **$5.74 million**.
• Analysts have generally assigned a **"Buy" rating** for Duos Technologies Group, with a new average target price set at **$12.50**, following a price objective increase from **$9.00 to $11.00**.

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 642,400 shares, a growth of 25.9% from the August 15th total of 510,300 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 277,400 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 277,400 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

DUOT has been the subject of a number of recent analyst reports. Wall Street Zen raised Duos Technologies Group from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Ascendiant Capital Markets lifted their price objective on shares of Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $12.50.

Hedge Funds Weigh In On Duos Technologies Group

Several large investors have recently made changes to their positions in DUOT. Northern Trust Corp lifted its stake in Duos Technologies Group by 80.3% in the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company's stock valued at $232,000 after buying an additional 17,270 shares during the period. Citadel Advisors LLC bought a new stake in shares of Duos Technologies Group in the fourth quarter worth about $74,000. Huntleigh Advisors Inc. bought a new stake in shares of Duos Technologies Group in the first quarter worth about $739,000. AMH Equity Ltd bought a new stake in shares of Duos Technologies Group in the first quarter worth about $282,000. Finally, XTX Topco Ltd bought a new position in Duos Technologies Group during the 1st quarter worth about $82,000. Institutional investors and hedge funds own 42.61% of the company's stock.

Duos Technologies Group Stock Performance

DUOT stock traded up $0.35 during mid-day trading on Thursday, reaching $7.77. 211,304 shares of the stock traded hands, compared to its average volume of 328,948. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $6.94 and a two-hundred day moving average of $6.77. The firm has a market capitalization of $157.34 million, a PE ratio of -7.26 and a beta of 1.10. Duos Technologies Group has a 52 week low of $2.38 and a 52 week high of $9.27.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). The company had revenue of $5.74 million for the quarter, compared to the consensus estimate of $4.94 million. Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%. Duos Technologies Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict 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.