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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw 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 short sold. Based on an average daily trading volume, of 1,719,706 shares, the short-interest ratio is currently 1.6 days. Based on an average daily 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 short sold.

Analyst Ratings Changes

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

Institutional Trading of Odyssey Marine Exploration

Institutional investors have recently made changes to their positions in the business. Old West Investment Management LLC raised its position in Odyssey Marine Exploration by 49.5% in the fourth quarter. Old West Investment Management LLC now owns 5,496,448 shares of the business services provider’s stock worth $10,773,000 after purchasing an additional 1,819,566 shares in the last quarter. Two Seas Capital LP grew its stake in shares of Odyssey Marine Exploration by 13.5% in the 4th quarter. Two Seas Capital LP now owns 5,185,029 shares of the business services provider’s stock valued at $10,163,000 after purchasing an additional 615,018 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of Odyssey Marine Exploration by 275.0% in 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 buying an additional 1,100,000 shares in the last quarter. Geode Capital Management LLC lifted its position 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 buying an additional 152,071 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in 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 valued at $958,000 after buying an additional 456,642 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Odyssey Marine Exploration Price Performance

Shares of NASDAQ OMEX traded down $0.04 during trading hours on Wednesday, reaching $1.57. The stock had a trading volume of 384,995 shares, compared to its average volume of 1,005,562. The company has a market cap of $87.51 million, a price-to-earnings ratio of -2.01 and a beta of -0.84. Odyssey Marine Exploration has a twelve month low of $0.27 and a twelve month high of $4.43. The business’s fifty day moving average is $2.06 and its two-hundred day moving average is $2.06.

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.