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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw a large decline in short interest during the month of 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. Approximately 6.4% of the company’s shares are sold short. Based on an average trading volume of 708,204 shares, the short-interest ratio is currently 4.7 days. Based on an average trading volume of 708,204 shares, the short-interest ratio is currently 4.7 days. Approximately 6.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of hedge funds have recently made changes to their positions in OMEX. Tradewinds Capital Management LLC purchased a new stake in shares of Odyssey Marine Exploration during the fourth quarter worth about $27,000. Bank of America Corp DE grew its stake 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 valued at $37,000 after purchasing an additional 16,503 shares in the last quarter. Centiva Capital LP purchased a new stake in Odyssey Marine Exploration during the 3rd quarter worth approximately $57,000. Voisard Asset Management Group Inc. increased its holdings in Odyssey Marine Exploration by 20.9% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock worth $82,000 after purchasing an additional 7,300 shares during the last quarter. Finally, Two Sigma Investments LP raised its position 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 purchasing an additional 47,145 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Odyssey Marine Exploration Stock Performance

NASDAQ:OMEX remained flat at $1.89 on Monday. The company’s stock had a trading volume of 710,483 shares, compared to its average volume of 1,176,990. The business has a fifty day moving average of $2.14 and a two-hundred day moving average of $2.05. The stock 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 12 month low of $0.27 and a 12 month high of $4.43.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($0.31) earnings per share for the quarter. The firm had revenue of $0.06 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Odyssey Marine Exploration presently has a consensus rating of “Sell”.

About Odyssey Marine Exploration

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.