Short Interest in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Decreases By 20.6%

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,500,000 shares, a drop 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 short-interest ratio is currently 0.2 days.

Odyssey Marine Exploration Price Performance

Shares of NASDAQ:OMEX traded down $0.02 on Friday, hitting $0.39. 483,847 shares of the company traded hands, compared to its average volume of 493,062. The stock has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $3.24. Odyssey Marine Exploration has a 52 week low of $0.37 and a 52 week high of $5.57.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Odyssey Marine Exploration

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Odyssey Marine Exploration by 39.1% during the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after buying an additional 235,334 shares during the last quarter. FourWorld Capital Management LLC lifted its stake 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 valued at $11,872,000 after acquiring an additional 313,926 shares during the period. 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 valued at $249,000 after acquiring an additional 2,750 shares during the last quarter. Cowen AND Company LLC grew its stake in shares of Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after acquiring an additional 6,000 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Odyssey Marine Exploration during the second quarter valued at approximately $372,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.