Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Up 228.5% in January

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 111,700 shares, an increase of 228.5% from the January 15th total of 34,000 shares. Based on an average daily volume of 131,100 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Duos Technologies Group

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in Duos Technologies Group during the 4th quarter worth about $66,000. LPL Financial LLC acquired a new stake in Duos Technologies Group during the 4th quarter worth about $107,000. Essex Investment Management Co. LLC acquired a new stake in Duos Technologies Group during the 4th quarter worth about $116,000. Northern Trust Corp grew its position 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 purchasing an additional 17,270 shares during the period. Finally, HighTower Advisors LLC grew its position in Duos Technologies Group by 6.8% during the 4th 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 period. 42.61% of the stock is owned by institutional investors and hedge funds.

Duos Technologies Group Stock Up 5.3 %

Shares of NASDAQ DUOT traded up $0.39 during mid-day trading on Friday, hitting $7.71. The stock had a trading volume of 202,292 shares, compared to its average volume of 176,168. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. The company has a 50 day moving average of $6.00 and a two-hundred day moving average of $4.35. Duos Technologies Group has a twelve month low of $2.03 and a twelve month high of $8.53.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DUOT. Northland Securities upped 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 upped their target price on Duos Technologies Group from $6.00 to $7.50 and gave the company a "buy" rating in a research report on Tuesday, December 17th.

Duos Technologies Group Company Profile

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.