StockNews.com Initiates Coverage on Odyssey Marine Exploration (NASDAQ:OMEX)

Investment analysts at StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report issued on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

NASDAQ OMEX opened at $0.33 on Friday. Odyssey Marine Exploration has a 1-year low of $0.30 and a 1-year high of $5.57. The business’s fifty day moving average price is $0.45 and its 200-day moving average price is $0.54.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMEX. Two Seas Capital LP increased its holdings in shares of Odyssey Marine Exploration by 2,449.0% in the fourth quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock worth $1,835,000 after purchasing an additional 2,449,049 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Odyssey Marine Exploration during the 4th quarter valued at $25,000. XTX Topco Ltd lifted its holdings in shares of Odyssey Marine Exploration by 225.5% in the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock worth $30,000 after acquiring an additional 28,943 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Odyssey Marine Exploration in the third quarter worth about $32,000. 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.