Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Up 10.9% in December

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 29,400 shares, an increase of 10.9% from the December 15th total of 26,500 shares. Based on an average daily trading volume, of 92,500 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

A number of brokerages recently commented on DUOT. Ascendiant Capital Markets lifted their price target on Duos Technologies Group from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Northland Securities lifted their target price on Duos Technologies Group from $5.50 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

Duos Technologies Group Stock Performance

Shares of Duos Technologies Group stock traded up $0.43 on Monday, reaching $5.80. 180,684 shares of the company traded hands, compared to its average volume of 95,047. The company has a 50 day moving average of $5.30 and a 200 day moving average of $3.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. Duos Technologies Group has a 52 week low of $2.03 and a 52 week high of $8.53. The firm has a market capitalization of $48.78 million, a PE ratio of -4.06 and a beta of 1.12.

Hedge Funds Weigh In On Duos Technologies Group

A hedge fund recently bought a new stake in Duos Technologies Group stock. FNY Investment Advisers LLC bought a new position in Duos Technologies Group, Inc. (NASDAQ:DUOT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,053 shares of the company’s stock, valued at approximately $66,000. FNY Investment Advisers LLC owned approximately 0.13% of Duos Technologies Group as of its most recent SEC filing. Institutional investors and hedge funds own 42.61% of the company’s stock.

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.