Coda Octopus Group, Inc. (NASDAQ:CODA - Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 97,700 shares, a decline of 8.1% from the December 15th total of 106,300 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,000 shares, the days-to-cover ratio is presently 2.0 days.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners increased their target price on Coda Octopus Group from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Monday, November 11th.
Read Our Latest Report on CODA
Institutional Trading of Coda Octopus Group
A hedge fund recently raised its stake in Coda Octopus Group stock. Rice Hall James & Associates LLC grew its position in Coda Octopus Group, Inc. (NASDAQ:CODA - Free Report) by 25.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,388 shares of the company's stock after buying an additional 62,898 shares during the quarter. Rice Hall James & Associates LLC owned 2.75% of Coda Octopus Group worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission. 20.12% of the stock is currently owned by institutional investors.
Coda Octopus Group Stock Performance
Shares of CODA stock traded down $0.33 on Friday, reaching $8.14. 36,926 shares of the company were exchanged, compared to its average volume of 24,399. Coda Octopus Group has a 1 year low of $5.21 and a 1 year high of $9.89. The company has a market cap of $91.09 million, a price-to-earnings ratio of 30.15 and a beta of 0.57. The business has a 50-day moving average price of $8.60 and a 200 day moving average price of $7.82.
About Coda Octopus Group
(
Get Free Report)
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.
Read More
Before you consider Coda Octopus Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coda Octopus Group wasn't on the list.
While Coda Octopus Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
