Odyssey Marine Exploration Target of Unusually Large Options Trading (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw some unusual options trading on Monday. Investors acquired 9,307 call options on the stock. This represents an increase of 157% compared to the typical volume of 3,626 call options.

Analyst Ratings Changes

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

Odyssey Marine Exploration Price Performance

Shares of OMEX stock traded up $0.09 during mid-day trading on Monday, reaching $0.92. The stock had a trading volume of 24,470,905 shares, compared to its average volume of 2,396,403. The stock’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $4.17. Odyssey Marine Exploration has a 52-week low of $0.45 and a 52-week high of $5.57.

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

Institutional Investors Weigh In On Odyssey Marine Exploration

A number of hedge funds have recently added to or reduced their stakes in OMEX. Deltec Asset Management LLC purchased a new stake in Odyssey Marine Exploration in the first quarter worth about $107,000. Cowen AND Company LLC grew its position in shares of 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 purchasing an additional 6,000 shares in the last quarter. Fifth Lane Capital LP bought a new stake in Odyssey Marine Exploration during the 1st quarter valued at approximately $179,000. ARS Wealth Advisors Group LLC lifted its holdings 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 worth $249,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Odyssey Marine Exploration in the 2nd quarter worth approximately $372,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.