Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Stock Short Interest Report for October

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 195,353 shares, a decline of 95.9% from the October 15th total of 4,766,804 shares. Currently, 8.8% of the shares of the stock are sold short. Based on an average daily volume of 25,360 shares, the days-to-cover ratio is currently 7.7 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OMEX. Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, September 21st. Wall Street Zen raised Odyssey Marine Exploration from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Odyssey Marine Exploration presently has a consensus rating of “Sell”.

Odyssey Marine Exploration Stock Down 2.1%

Shares of OMEX traded down $0.21 during trading hours on Thursday, hitting $10.03. The stock had a trading volume of 17,279 shares, compared to its average volume of 23,813. The company’s fifty day moving average is $15.64 and its two-hundred day moving average is $412.55. Odyssey Marine Exploration has a 52 week low of $9.59 and a 52 week high of $66.75.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced its quarterly earnings results on Monday, November 2nd. The business services provider reported ($1.98) earnings per share (EPS) for the quarter. The company had revenue of $0.11 million for the quarter.

Institutional Trading of Odyssey Marine Exploration

An institutional investor recently raised its stake in Odyssey Marine Exploration stock. Renaissance Technologies LLC grew its position in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541,721 shares of the business services provider’s stock after acquiring an additional 53,122 shares during the period. Renaissance Technologies LLC owned 0.92% of Odyssey Marine Exploration worth $452,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 49.96% of the company’s stock.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc. is a deep-ocean exploration and technology company headquartered in Tampa, Florida. The company specializes in locating, researching, and developing marine mineral and other ocean-based resources, using remote-sensing systems, remotely operated vehicles, geophysical surveys, and related subsea technologies. Historically, Odyssey became known for its work identifying and recovering valuable shipwreck cargoes, including the discovery of the shipwreck known as the SS Central America.