Traders Buy Large Volume of Odyssey Marine Exploration Call Options (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the recipient of unusually large options trading activity on Monday. Stock investors bought 9,307 call options on the company. This is an increase of approximately 157% compared to the typical daily volume of 3,626 call options.

Odyssey Marine Exploration Stock Performance

NASDAQ OMEX traded up $0.09 during trading hours on Monday, hitting $0.92. 24,470,905 shares of the company traded hands, compared to its average volume of 2,396,403. Odyssey Marine Exploration has a twelve month low of $0.45 and a twelve month high of $5.57. The business’s 50-day moving average is $3.95 and its 200-day moving average is $4.17.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Deltec Asset Management LLC bought a new position in Odyssey Marine Exploration in the 1st quarter valued at approximately $107,000. Cowen AND Company LLC grew its holdings in Odyssey Marine Exploration by 20.0% during the second 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 in the last quarter. Fifth Lane Capital LP purchased a new stake in shares of Odyssey Marine Exploration in the first quarter valued at about $179,000. ARS Wealth Advisors Group LLC increased its stake in Odyssey Marine Exploration by 5.7% in 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 buying an additional 2,750 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Odyssey Marine Exploration during the second quarter worth $372,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Odyssey Marine Exploration from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

About Odyssey Marine Exploration

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.