Stock Traders Purchase Large Volume of Call Options on Odyssey Marine Exploration (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of unusually large options trading activity on Thursday. Stock investors bought 8,846 call options on the company. This represents an increase of 209% compared to the typical daily volume of 2,865 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Odyssey Marine Exploration has an average rating of “Sell”.

Odyssey Marine Exploration Stock Up 15.3%

Shares of NASDAQ OMEX traded up $0.33 during midday trading on Thursday, reaching $2.45. 1,440,254 shares of the company’s stock traded hands, compared to its average volume of 824,779. The company has a market cap of $136.28 million, a price-to-earnings ratio of -3.12 and a beta of -0.86. The stock’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.00. Odyssey Marine Exploration has a one year low of $0.27 and a one year 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 for the quarter. The business had revenue of $0.06 million during the quarter.

Institutional Investors Weigh In On Odyssey Marine Exploration

A number of institutional investors have recently added to or reduced their stakes in OMEX. Old West Investment Management LLC bought a new position in Odyssey Marine Exploration in the third quarter worth about $7,170,000. Two Seas Capital LP boosted its holdings in shares of Odyssey Marine Exploration by 219.4% in the 3rd quarter. Two Seas Capital LP now owns 4,570,011 shares of the business services provider’s stock valued at $8,912,000 after buying an additional 3,139,242 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Odyssey Marine Exploration in the 3rd quarter worth approximately $780,000. Foundations Investment Advisors LLC bought a new position in shares of Odyssey Marine Exploration during the 3rd quarter worth approximately $542,000. Finally, SLT Holdings LLC bought a new position in shares of Odyssey Marine Exploration during the 3rd quarter worth approximately $542,000. Institutional investors own 49.96% of the company’s stock.

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.