Duos Technologies Group, Inc. (NASDAQ:DUOT) Sees Large Increase in Short Interest

Posted by Patrick Bannon on Nov 19th, 2024

Duos Technologies Group, Inc. (NASDAQ:DUOT – Get Free Report) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 124,300 shares, an increase of 7.1% from the October 15th total of 116,100 shares. Based on an average daily volume of 39,500 shares, the days-to-cover ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets increased their price target on shares of Duos Technologies Group from $5.75 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Read Our Latest Stock Analysis on Duos Technologies Group

Hedge Funds Weigh In On Duos Technologies Group

An institutional investor recently bought a new position in Duos Technologies Group stock. Virtu Financial LLC acquired a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,812 shares of the company’s stock, valued at approximately $51,000. Virtu Financial LLC owned 0.16% of Duos Technologies Group as of its most recent SEC filing. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Stock Up 8.4 %

Duos Technologies Group stock traded up $0.37 during mid-day trading on Tuesday, hitting $4.75. 20,462 shares of the company’s stock traded hands, compared to its average volume of 36,813. The firm has a 50 day moving average price of $3.55 and a 200 day moving average price of $2.97. Duos Technologies Group has a one year low of $1.93 and a one year high of $5.74. The company has a market cap of $36.53 million, a PE ratio of -2.84 and a beta of 1.10.

About Duos Technologies Group

(Get Free Report)

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.