Short interest in CODA dropped 20.1% in December, with 57,888 shares shorted.

Short interest in Coda Octopus Group (CODA) fell 20.1% in December to 57,888 shares, with a days-to-cover ratio of 1.2 and 0.7% of shares sold short. The stock traded at $9.30, up $0.02, with above-average volume. The company, which develops 3D sonar and subsea technologies for oil and gas, defense, and research, has a market cap of $104.63 million, a P/E ratio of 31.00, and a beta of 0.61. Analysts rate it a "Moderate Buy" based on one Buy and one Hold. Institutional investors own 20.12% of shares, and insiders hold 21.80%.