Short Interest in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Drops By 24.2%

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. Based on an average daily volume of 708,204 shares, the short-interest ratio is currently 4.7 days. Currently, 6.4% of the company’s stock are sold short. Currently, 6.4% of the company’s stock are sold short. Based on an average daily volume of 708,204 shares, the short-interest ratio is currently 4.7 days.

Odyssey Marine Exploration Trading Up 0.5%

Shares of Odyssey Marine Exploration stock traded up $0.01 during trading on Tuesday, reaching $1.90. The stock had a trading volume of 1,232,104 shares, compared to its average volume of 1,184,531. The company has a market capitalization of $105.91 million, a price-to-earnings ratio of -2.44 and a beta of -0.84. The stock has a fifty day moving average price of $2.14 and a two-hundred day moving average price of $2.05. Odyssey Marine Exploration has a 52 week low of $0.27 and a 52 week high of $4.43.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced 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 during the quarter.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors have recently made changes to their positions in OMEX. Tradewinds Capital Management LLC bought a new position in Odyssey Marine Exploration in the fourth quarter valued at $27,000. Bank of America Corp DE lifted its position in Odyssey Marine Exploration by 632.8% during the 3rd 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 in the last quarter. Centiva Capital LP acquired a new position in shares of Odyssey Marine Exploration during the 3rd quarter worth about $57,000. Voisard Asset Management Group Inc. grew its holdings in shares of Odyssey Marine Exploration by 20.9% in the 3rd 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 in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Odyssey Marine Exploration by 127.8% in the 3rd quarter. Two Sigma Investments LP now owns 84,029 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 47,145 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Analysts Set New Price Targets

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

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.