Coda Octopus Group, Inc. (NASDAQ:CODA) Short Interest Update

Coda Octopus Group, Inc. (NASDAQ:CODA) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 109,200 shares, an increase of 10.1% from the November 15th total of 99,200 shares. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lifted their price objective on Coda Octopus Group from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, November 11th.

Coda Octopus Group Stock Down 3.8 %

Coda Octopus Group stock traded down $0.34 during mid-day trading on Friday, hitting $8.53. 15,268 shares of the company were exchanged, compared to its average volume of 29,439. The company has a market capitalization of $95.45 million, a PE ratio of 31.59 and a beta of 0.55. The business has a fifty day moving average of $8.71 and a 200 day moving average of $7.48. Coda Octopus Group has a 1-year low of $5.21 and a 1-year high of $9.89.

Coda Octopus Group (NASDAQ:CODA) last announced its quarterly earnings results on Monday, September 16th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $5.48 million during the quarter. Coda Octopus Group had a net margin of 15.93% and a return on equity of 5.93%.

Institutional Trading of Coda Octopus Group

An institutional investor recently bought a new position in Coda Octopus Group stock. Wealthquest Corp purchased a new stake in Coda Octopus Group, Inc. (NASDAQ:CODA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,603 shares of the company’s stock, valued at approximately $108,000. Wealthquest Corp owned about 0.13% of Coda Octopus Group as of its most recent SEC filing. Institutional investors and hedge funds own 20.12% of the company’s stock.

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.