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

Key Points

• Duos Technologies Group saw a notable increase in short interest of 37.7% in August, bringing the total to 510,300 shares as of August 15th.
• Institutional investors hold 42.61% of the company's stock, with several firms, including Huntleigh Advisors and Geode Capital Management, recently increasing their stakes.
• Wall Street analysts have updated their ratings, with a consensus rating of "Buy" and an average price target of $12.50 for the stock.

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totaling 510,300 shares, an increase of 37.7% from the July 31st total of 370,700 shares. Based on an average daily volume of 252,600 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 252,600 shares, the days-to-cover ratio is currently 2.0 days.

Duos Technologies Group Trading Down 2.4%

Shares of NASDAQ DUOT traded down $0.19 during mid-day trading on Friday, reaching $7.65. The company had a trading volume of 210,711 shares, compared to its average volume of 374,172. The business's 50-day moving average is $6.95 and its 200-day moving average is $6.72. The company has a current ratio of 0.37, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $154.94 million, a price-to-earnings ratio of -7.15 and a beta of 1.10. Duos Technologies Group has a 52 week low of $2.30 and a 52 week high of $9.27.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). The company had revenue of $5.74 million during 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. Equities analysts expect that Duos Technologies Group will post -1.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DUOT shares. Wall Street Zen raised shares of Duos Technologies Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Ascendiant Capital Markets increased their target price 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $12.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Huntleigh Advisors Inc. grew its holdings in shares of Duos Technologies Group by 3.9% in the second quarter. Huntleigh Advisors Inc. now owns 136,181 shares of the company's stock worth $974,000 after purchasing an additional 5,126 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Duos Technologies Group in the fourth quarter worth about $74,000. XTX Topco Ltd bought a new position in shares of Duos Technologies Group in the first quarter worth about $82,000. Northern Trust Corp grew its holdings in 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Duos Technologies Group by 38.9% during the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock worth $684,000 after acquiring an additional 26,821 shares in the last quarter. 42.61% of the stock is currently owned by institutional investors.

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.