Short Interest in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Decreases By 17.1%

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 2,735,107 shares, a decline of 17.1% from the January 15th total of 3,299,596 shares. Approximately 5.3% of the shares of the company are sold short. Based on an average trading volume of 1,719,706 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 1,719,706 shares, the short-interest ratio is currently 1.6 days. Approximately 5.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of large investors have recently made changes to their positions in OMEX. Two Seas Capital LP boosted its holdings in Odyssey Marine Exploration by 13.5% during the fourth quarter. Two Seas Capital LP now owns 5,185,029 shares of the business services provider’s stock worth $10,163,000 after buying an additional 615,018 shares in the last quarter. Old West Investment Management LLC acquired a new stake in shares of Odyssey Marine Exploration during the 3rd quarter valued at approximately $7,170,000. Jefferies Financial Group Inc. boosted its stake in shares of Odyssey Marine Exploration by 275.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 1,500,000 shares of the business services provider’s stock worth $2,940,000 after acquiring an additional 1,100,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Odyssey Marine Exploration by 37.3% during the 4th quarter. Geode Capital Management LLC now owns 559,991 shares of the business services provider’s stock worth $1,098,000 after acquiring an additional 152,071 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Odyssey Marine Exploration by 1,428.9% in the 4th quarter. Renaissance Technologies LLC now owns 488,599 shares of the business services provider’s stock worth $958,000 after acquiring an additional 456,642 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Odyssey Marine Exploration Stock Down 3.0%

Shares of Odyssey Marine Exploration stock traded down $0.05 during trading on Tuesday, reaching $1.61. The company’s stock had a trading volume of 615,146 shares, compared to its average volume of 1,160,383. The business has a 50 day moving average price of $2.06 and a 200-day moving average price of $2.06. Odyssey Marine Exploration has a 12-month low of $0.27 and a 12-month high of $4.43. The company has a market capitalization of $89.74 million, a P/E ratio of -2.06 and a beta of -0.84.

Analyst Upgrades and Downgrades

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