Coda Octopus Group, Inc. (NASDAQ:CODA – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 111,200 shares, a growth of 5.9% from the August 31st total of 105,000 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 24,900 shares, the days-to-cover ratio is presently 4.5 days.
Institutional Investors Weigh In On Coda Octopus Group
A hedge fund recently raised its stake in Coda Octopus Group stock. Rice Hall James & Associates LLC increased its position in Coda Octopus Group, Inc. (NASDAQ:CODA – Free Report) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,490 shares of the company’s stock after purchasing an additional 8,948 shares during the period. Rice Hall James & Associates LLC owned approximately 2.19% of Coda Octopus Group worth $1,473,000 at the end of the most recent reporting period. 20.12% of the stock is currently owned by institutional investors.
Coda Octopus Group Stock Performance
Shares of Coda Octopus Group stock traded up $0.02 during trading on Tuesday, hitting $7.27. The company’s stock had a trading volume of 5,106 shares, compared to its average volume of 23,006. Coda Octopus Group has a 52 week low of $5.21 and a 52 week high of $7.83. The company has a fifty day simple moving average of $7.15 and a two-hundred day simple moving average of $6.62. The company has a market capitalization of $81.35 million, a PE ratio of 29.20 and a beta of 0.54.
Coda Octopus Group Company Profile
Coda Octopus Group, Inc, together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business.
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