Short Interest in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Decreases By 47.4%

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 1,890,000 shares, a decrease of 47.4% from the September 30th total of 3,590,000 shares. Based on an average trading volume of 7,040,000 shares, the days-to-cover ratio is currently 0.3 days.

Odyssey Marine Exploration Stock Down 5.8 %

Shares of NASDAQ:OMEX traded down $0.03 during mid-day trading on Friday, hitting $0.52. The stock had a trading volume of 315,420 shares, compared to its average volume of 2,279,632. Odyssey Marine Exploration has a 12-month low of $0.45 and a 12-month high of $5.57. The company’s 50 day moving average is $2.16 and its 200-day moving average is $3.59.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings data on Friday, August 9th. The business services provider reported ($0.07) earnings per share for the quarter. The business had revenue of $0.22 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Deltec Asset Management LLC bought a new stake in shares of Odyssey Marine Exploration during the 1st quarter worth $107,000. Cowen AND Company LLC boosted its holdings in shares of 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. Voisard Asset Management Group Inc. boosted its holdings in shares of Odyssey Marine Exploration by 800.0% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after buying an additional 32,000 shares during the period. Fifth Lane Capital LP bought a new stake in shares of Odyssey Marine Exploration during the 1st quarter worth $179,000. Finally, ARS Wealth Advisors Group LLC boosted its holdings in shares of 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 buying an additional 2,750 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Odyssey Marine Exploration in a research report on Thursday, September 26th. They issued a “hold” rating for the company.

Odyssey Marine Exploration Company Profile

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.