Duos Technologies Group, Inc. (NASDAQ:DUOT) Short Interest Up 29.2% in March

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,571,750 shares, a growth of 29.2% from the February 26th total of 1,216,739 shares. Based on an average trading volume of 714,308 shares, the short-interest ratio is currently 2.2 days. Currently, 8.0% of the company’s shares are sold short.

Duos Technologies Group Trading Down 1.7%

Shares of DUOT traded down $0.12 during mid-day trading on Friday, hitting $6.99. The company’s stock had a trading volume of 618,789 shares, compared to its average volume of 849,847. The company’s 50-day moving average is $8.71 and its 200-day moving average is $9.05. Duos Technologies Group has a 52-week low of $3.84 and a 52-week high of $12.17. The firm has a market capitalization of $145.95 million, a price-to-earnings ratio of -7.36 and a beta of 1.02.

Institutional Investors Weigh In On Duos Technologies Group

A number of hedge funds have recently made changes to their positions in the stock. Mink Brook Asset Management LLC purchased a new position in Duos Technologies Group in the third quarter valued at about $5,756,000. Northern Right Capital Management L.P. purchased a new stake in shares of Duos Technologies Group during the third quarter valued at about $5,723,000. Shay Capital LLC boosted its holdings in shares of Duos Technologies Group by 2,646.1% in the 3rd quarter. Shay Capital LLC now owns 411,910 shares of the company’s stock valued at $3,032,000 after buying an additional 396,910 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Duos Technologies Group by 80.4% in the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock worth $4,709,000 after buying an additional 285,235 shares during the last quarter. Finally, Potomac Capital Management Inc. purchased a new position in shares of Duos Technologies Group in the 4th quarter worth approximately $3,085,000. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on DUOT. Ascendiant Capital Markets raised their price objective on Duos Technologies Group from $11.50 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duos Technologies Group in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

About Duos Technologies Group

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company’s core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.