Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Short Interest Update

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 3,299,596 shares, a decline of 24.2% from the December 31st total of 4,352,282 shares. Currently, 6.4% of the company’s stock are short sold. Based on an average daily trading volume, of 708,204 shares, the days-to-cover ratio is presently 4.7 days. Based on an average daily trading volume, of 708,204 shares, the days-to-cover ratio is presently 4.7 days. Currently, 6.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Odyssey Marine Exploration

Large investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC bought a new stake in Odyssey Marine Exploration during the 4th quarter valued at approximately $27,000. Bank of America Corp DE lifted its holdings in shares of Odyssey Marine Exploration by 632.8% during the third quarter. Bank of America Corp DE now owns 19,111 shares of the business services provider’s stock worth $37,000 after buying an additional 16,503 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Odyssey Marine Exploration in the third quarter valued at approximately $57,000. Voisard Asset Management Group Inc. boosted its position in shares of Odyssey Marine Exploration by 20.9% in the third quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 7,300 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Odyssey Marine Exploration by 127.8% in the third quarter. Two Sigma Investments LP now owns 84,029 shares of the business services provider’s stock worth $164,000 after acquiring an additional 47,145 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Odyssey Marine Exploration Stock Performance

Shares of Odyssey Marine Exploration stock remained flat at $1.89 on Monday. 710,483 shares of the stock were exchanged, compared to its average volume of 1,200,442. The business has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.05. The company has a market capitalization of $105.35 million, a PE ratio of -2.42 and a beta of -0.84. Odyssey Marine Exploration has a twelve month low of $0.27 and a twelve month high of $4.43.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its earnings results on Wednesday, November 12th. The business services provider reported ($0.31) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million for the quarter.

Odyssey Marine Exploration Company Profile

Odyssey Marine Exploration, Inc (NASDAQ: OMEX) is a marine technology and deep-ocean exploration company specializing in the location, recovery, and preservation of underwater cultural heritage. The company employs advanced remotely operated vehicles (ROVs) and proprietary seabed mapping systems to carry out high-precision surveys and recovery operations at depths exceeding 6,000 meters. Odyssey Marine’s mission centers on responsible stewardship of historic shipwrecks, valuable cargoes, and other submerged assets, combining maritime archaeology with commercially oriented salvage projects.

In addition to treasure recovery, Odyssey Marine offers a range of subsea services to support government, commercial, and scientific clients worldwide.