Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Up 37.7% in August

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, anincreaseof37.7% 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.

Institutional Trading of Duos Technologies Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DUOT. Huntleigh Advisors Inc. boosted its stake in Duos Technologies Group by 3.9% in the 2nd quarter. Huntleigh Advisors Inc. now owns 136,181 shares of the company's stock worth $974,000 after buying an additional 5,126 shares during the last quarter. Geode Capital Management LLC boosted its position 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 during the period. Informed Momentum Co LLC acquired a new stake in shares of Duos Technologies Group in the first quarter valued at $528,000. AMH Equity Ltd acquired a new stake in shares of Duos Technologies Group during the first quarter worth $282,000. Finally, Northern Trust Corp raised its position in Duos Technologies Group by 80.3% during 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. Hedge funds and other institutional investors own 42.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. 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 raised their price target on shares of Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a report on Monday, June 16th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $12.50.

Duos Technologies Group Trading Down 0.3%

NASDAQ:DUOT traded down $0.02 on Monday, reaching $6.69. 294,347 shares of the company's stock were exchanged, compared to its average volume of 184,343. The business has a fifty day moving average of $7.00 and a 200-day moving average of $6.71. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 0.33. Duos Technologies Group has a 52-week low of $2.25 and a 52-week high of $9.27. The firm has a market capitalization of $135.47 million, a price-to-earnings ratio of -6.25 and a beta of 1.10.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last announced its quarterly 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 business had revenue of $5.74 million during the quarter, compared to analyst estimates of $4.94 million. Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 297.45%. Duos Technologies Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Duos Technologies Group will post -1.34 earnings per share for the current 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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