Odyssey Marine Exploration, Inc. (NASDAQ:OMEX – Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,060,000 shares, a drop 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.
Odyssey Marine Exploration Stock Performance
NASDAQ:OMEX opened at $0.48 on Friday. Odyssey Marine Exploration has a fifty-two week low of $0.30 and a fifty-two week high of $5.57. The company has a fifty day moving average of $0.53 and a two-hundred day moving average of $1.75.
Insider Activity at Odyssey Marine Exploration
In other Odyssey Marine Exploration news, Director Mark B. Justh purchased 50,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the transaction, the director now owns 551,124 shares of the company’s stock, valued at $352,719.36. This trade represents a 9.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Odyssey Marine Exploration in a research note on Sunday, January 5th. They set a “sell” rating for the company.
Check Out Our Latest Analysis on Odyssey Marine Exploration
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.
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