Short Interest in Duos Technologies Group, Inc. (NASDAQ:DUOT) Drops By 5.0%

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 56,700 shares, a drop of 5.0% from the March 15th total of 59,700 shares. Based on an average daily volume of 33,400 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Duos Technologies Group

A number of hedge funds have recently added to or reduced their stakes in DUOT. Tucker Asset Management LLC raised its stake in shares of Duos Technologies Group by 10,829.0% during the third quarter. Tucker Asset Management LLC now owns 10,929 shares of the company’s stock valued at $56,000 after acquiring an additional 10,829 shares in the last quarter. Northern Trust Corp purchased a new position in shares of Duos Technologies Group during the fourth quarter valued at $72,000. Spire Wealth Management purchased a new stake in Duos Technologies Group in the fourth quarter worth about $100,000. Private Advisor Group LLC grew its holdings in Duos Technologies Group by 6.9% during the 3rd quarter. Private Advisor Group LLC now owns 51,756 shares of the company’s stock worth $266,000 after acquiring an additional 3,350 shares in the last quarter. Finally, Diversified Investment Strategies LLC raised its holdings in shares of Duos Technologies Group by 25.0% in the 1st quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock valued at $326,000 after purchasing an additional 15,000 shares in the last quarter. 42.61% of the stock is currently owned by institutional investors.

Duos Technologies Group Trading Down 3.6 %

Shares of DUOT opened at $2.97 on Tuesday. The firm has a market capitalization of $21.70 million, a P/E ratio of -1.89 and a beta of 1.07. Duos Technologies Group has a 12-month low of $1.93 and a 12-month high of $7.20. The firm has a fifty day moving average price of $3.91 and a 200-day moving average price of $3.65.

About Duos Technologies Group

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. Its solutions include Centraco, an enterprise information management software platform; 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; and Praesidium, a middleware platform solution to manage various image capture devices and some sensors for input into the Centraco software.