Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Decreases By 25.5%

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 83,200 shares, a decline of 25.5% from the January 31st total of 111,700 shares. Based on an average daily volume of 145,200 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Duos Technologies Group

Several hedge funds have recently bought and sold shares of DUOT. HighTower Advisors LLC lifted its position in shares of Duos Technologies Group by 6.8% during 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 increased 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 during the period. FNY Investment Advisers LLC bought a new stake in Duos Technologies Group during the 4th quarter valued at about $66,000. Citadel Advisors LLC purchased a new stake in Duos Technologies Group in the 4th quarter valued at about $74,000. Finally, Northern Trust Corp grew its stake in Duos Technologies Group by 80.3% in 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. Institutional investors own 42.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Northland Securities raised their price target on Duos Technologies Group from $10.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Ascendiant Capital Markets lifted their price target on shares of Duos Technologies Group from $6.00 to $7.50 and gave the stock a "buy" rating in a research note on Tuesday, December 17th.

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Duos Technologies Group Trading Down 3.5 %

Shares of NASDAQ DUOT traded down $0.19 during midday trading on Thursday, hitting $5.22. The company's stock had a trading volume of 138,752 shares, compared to its average volume of 159,029. Duos Technologies Group has a 12-month low of $2.03 and a 12-month high of $8.53. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a market cap of $43.91 million, a P/E ratio of -3.65 and a beta of 1.02. The business's 50 day moving average is $6.43 and its two-hundred day moving average is $4.70.

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.