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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,735,107 shares, a drop of 17.1% from the January 15th total of 3,299,596 shares. Currently, 5.3% of the shares of the company are short sold. Based on an average daily volume of 1,719,706 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 1,719,706 shares, the days-to-cover ratio is presently 1.6 days. Currently, 5.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Odyssey Marine Exploration

A number of institutional investors have recently added to or reduced their stakes in OMEX. Stifel Financial Corp purchased a new position in shares of Odyssey Marine Exploration during the 4th quarter worth approximately $29,000. Renaissance Technologies LLC grew its holdings in Odyssey Marine Exploration by 1,428.9% during the fourth quarter. Renaissance Technologies LLC now owns 488,599 shares of the business services provider’s stock worth $958,000 after acquiring an additional 456,642 shares during the period. Smithbridge Asset Management Inc. DE raised its position in Odyssey Marine Exploration by 200.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 36,010 shares of the business services provider’s stock worth $71,000 after acquiring an additional 24,010 shares in the last quarter. Two Seas Capital LP lifted its holdings in Odyssey Marine Exploration by 13.5% in the fourth quarter. Two Seas Capital LP now owns 5,185,029 shares of the business services provider’s stock valued at $10,163,000 after acquiring an additional 615,018 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in Odyssey Marine Exploration by 4.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 291,250 shares of the business services provider’s stock valued at $571,000 after acquiring an additional 13,500 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Odyssey Marine Exploration Stock Performance

OMEX traded up $0.04 during trading on Monday, hitting $1.66. The stock had a trading volume of 459,235 shares, compared to its average volume of 1,160,383. The firm has a market capitalization of $92.53 million, a P/E ratio of -2.13 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 company’s 50-day moving average price is $2.07 and its 200 day moving average price is $2.06.

Odyssey Marine Exploration Company Profile

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.