Coda Octopus Group Inc. (NASDAQ:CODA) Sees Significant Decline in Short Interest

15 Apr 2026, 16:44 by Amy Steele · The Cerbat Gem

Coda Octopus Group Inc. (NASDAQ:CODA – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 154,952 shares, a decline of 25.1% from the March 15th total of 206,823 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 263,888 shares, the days-to-cover ratio is currently 0.6 days.

Insider Activity at Coda Octopus Group

In other news, CFO Gayle Michelle Jardine sold 2,256 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $12.59, for a total transaction of $28,403.04. Following the completion of the transaction, the chief financial officer owned 2,500 shares in the company, valued at approximately $31,475. This represents a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is owned by corporate insiders.

Institutional Trading of Coda Octopus Group

Several institutional investors and hedge funds have recently bought and sold shares of CODA. Archon Capital Management LLC bought a new position in Coda Octopus Group in the 4th quarter valued at $1,395,000. Informed Momentum Co LLC purchased a new position in shares of Coda Octopus Group during the 4th quarter valued at $686,000. Marshall Wace LLP increased its holdings in shares of Coda Octopus Group by 79.6% in the fourth quarter. Marshall Wace LLP now owns 158,232 shares of the company’s stock worth $1,472,000 after purchasing an additional 70,146 shares during the period. Rothschild Wealth LLC purchased a new stake in shares of Coda Octopus Group in the fourth quarter worth $625,000. Finally, Round Rock Advisors LLC purchased a new stake in shares of Coda Octopus Group in the fourth quarter worth $514,000. 20.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coda Octopus Group in a report on Monday, December 29th. Wall Street Zen lowered shares of Coda Octopus Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Alliance Global Partners restated a “buy” rating on shares of Coda Octopus Group in a research note on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Coda Octopus Group

Coda Octopus Group Stock Up 0.9%

CODA traded up $0.11 during trading on Wednesday, reaching $13.01. 111,729 shares of the company were exchanged, compared to its average volume of 262,636. Coda Octopus Group has a 12-month low of $5.97 and a 12-month high of $17.28. The company’s 50-day moving average is $12.94 and its two-hundred day moving average is $10.67. The company has a market cap of $146.75 million, a price-to-earnings ratio of 36.14 and a beta of 0.54.

Coda Octopus Group (NASDAQ:CODA – Get Free Report) last posted its earnings results on Tuesday, March 17th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Coda Octopus Group had a return on equity of 7.17% and a net margin of 14.78%.The business had revenue of $6.71 million during the quarter, compared to analyst estimates of $6.23 million.

Coda Octopus Group Company Profile

(Get Free Report)

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company’s product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.