() experienced a significant increase in short interest during the month of July. On June 30, there were 192,600 shorted shares. This is a 6.4% increase from the 181,100 shares on June 15. At the moment, 3.9% are short-sold. The short-interest rate is currently 4.8 days based on an average daily volume of 40,100 stocks.
Analyst Upgrades and downgrades
The stock was sold in an exchange on Friday April 21st. The stock was bought at $8.01 on average, for an $85,538.79 total value. The insider owns 24,298 company shares, worth $194,626.98, after the sale. Insiders own 33.00%.
Hedge Funds weigh in on Coda Octopus Group
CODA has recently seen a number of institutional investors and hedge funds change their position. Ancora Advisors LLC increased its holdings in Coda Octopus Group shares by 37.1% over the first quarter. Ancora Advisors LLC owns 52 713 shares of the stock valued at $468,000. This is after purchasing an additional 14,270 in the last quarter. Millennium Management LLC purchased a new position in Coda Octopus Group valued at approximately $50,000 during the second quarter. Dimensional Fund Advisors LP increased its holdings in Coda Octopus Group during the third quarter by 13.7%. Dimensional Fund Advisors LP owns 60 227 shares worth $325,000, after buying an additional 7,243 in the last quarter. Touchstone Capital Inc. increased its holdings in Coda Octopus by 23.7% over the last quarter. Touchstone Capital Inc. owns now 343,687 of the company’s stock, valued at $2.358,000, after purchasing additional 65,859 in the last quarterly. Belpointe Asset Management LLC purchased a new share of Coda Octopus Group in the fourth quarter, valued at approximately $27,000. Institutional investors hold 18.28% the stock of the company.
Coda Octopus Group stock performance
Trading at midday on Thursday saw a $0.14 increase, bringing the price to $9.15. The stock of the company traded 9,456 shares compared to an average of 29,955. The stock's fifty-day simple moving is $8.98, and its two hundred day simple moving is $8.01. Coda Octopus Group's 1 year low is $4.76, and its 1 year high is $11.09. The company has a $101.46 million market capitalization, a P/E ratio of 21.28, and a beta value of 1.
The company last announced its quarterly results on June 14th. The company reported $0.09 per share (EPS). Coda Octopus Group reported a return of equity of 10.78%, and a margin net of 21.88%. Revenue for the quarter was $5.30million.
Coda Octopus Group Company profile
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Coda Octopus Group, Inc., along with its subsidiaries, develops, rents, and sells underwater technologies and equipment in the United States of America as well as internationally. The company is divided into two segments: Marine Engineering Business and Marine Technology Business.
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