Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Short Interest Update

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,060,000 shares, a decrease of 21.7% from the December 31st total of 2,630,000 shares. Based on an average daily trading volume, of 2,280,000 shares, the days-to-cover ratio is currently 0.9 days.

Insider Buying and Selling at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director Mark B. Justh purchased 50,000 shares of Odyssey Marine Exploration stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average cost of $0.64 per share, with a total value of $32,000.00. Following the completion of the transaction, the director now owns 551,124 shares in the company, valued at approximately $352,719.36. This trade represents a 9.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Odyssey Marine Exploration in the third quarter valued at approximately $32,000. Voisard Asset Management Group Inc. lifted its stake in 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 valued at $30,000 after acquiring an additional 32,000 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Odyssey Marine Exploration in the 2nd quarter valued at $372,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Odyssey Marine Exploration in a report on Sunday, January 5th. They issued a “sell” rating for the company.

Odyssey Marine Exploration Stock Performance

Shares of OMEX stock opened at $0.48 on Friday. The business has a fifty day moving average of $0.53 and a 200 day moving average of $1.75. Odyssey Marine Exploration has a 1 year low of $0.30 and a 1 year high of $5.57.

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.