Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Sees Significant Decline in Short Interest

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,500,000 shares, a decrease of 20.6% from the October 15th total of 1,890,000 shares. Based on an average daily volume of 7,080,000 shares, the days-to-cover ratio is currently 0.2 days.

Odyssey Marine Exploration Stock Performance

Shares of NASDAQ OMEX traded down $0.02 during trading hours on Friday, hitting $0.39. 483,847 shares of the stock were exchanged, compared to its average volume of 493,062. Odyssey Marine Exploration has a 1-year low of $0.37 and a 1-year high of $5.57. The company’s fifty day simple moving average is $1.12 and its two-hundred day simple moving average is $3.24.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Odyssey Marine Exploration in a research report on Thursday, September 26th. They set a “hold” rating on the stock.

Institutional Trading of Odyssey Marine Exploration

Several institutional investors and hedge funds have recently modified their holdings of the business. Voisard Asset Management Group Inc. lifted its stake in shares of Odyssey Marine Exploration by 800.0% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 32,000 shares during the last quarter. Renaissance Technologies LLC bought a new position in Odyssey Marine Exploration in the 2nd quarter valued at approximately $372,000. Cowen AND Company LLC boosted its position in Odyssey Marine Exploration by 20.0% during the 2nd quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after buying an additional 6,000 shares during the period. ARS Wealth Advisors Group LLC grew its holdings in Odyssey Marine Exploration by 5.7% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock worth $249,000 after acquiring an additional 2,750 shares during the last quarter. Finally, FourWorld Capital Management LLC grew its holdings in Odyssey Marine Exploration by 11.2% during the 1st quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider’s stock worth $11,872,000 after acquiring an additional 313,926 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor mineral resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. Odyssey Marine Exploration, Inc was founded in 1994 and is headquartered in Tampa, Florida.