Coda Octopus Group, Inc. (NASDAQ:CODA – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 111,200 shares, an increase of 5.9% from the August 31st total of 105,000 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is currently 4.5 days. Approximately 2.0% of the company’s shares are short sold.
Institutional Trading of Coda Octopus Group
A hedge fund recently raised its stake in Coda Octopus Group stock. Rice Hall James & Associates LLC raised its stake in shares of Coda Octopus Group, Inc. (NASDAQ:CODA – Free Report) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,490 shares of the company’s stock after purchasing an additional 8,948 shares during the quarter. Rice Hall James & Associates LLC owned about 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 and hedge funds.
Coda Octopus Group Stock Up 0.3 %
Shares of NASDAQ CODA traded up $0.02 on Tuesday, reaching $7.27. 5,606 shares of the company’s stock traded hands, compared to its average volume of 23,015. The business’s 50 day simple moving average is $7.15 and its two-hundred day simple moving average is $6.62. Coda Octopus Group has a 12 month low of $5.21 and a 12 month high of $7.83. The company has a market cap of $81.35 million, a price-to-earnings ratio of 29.08 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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