Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Short Interest Down 20.6% in October

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,500,000 shares, a decline of 20.6% from the October 15th total of 1,890,000 shares. Based on an average daily volume of 7,080,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Odyssey Marine Exploration

Institutional investors and hedge funds have recently made changes to their positions in the stock. FourWorld Capital Management LLC increased its stake in Odyssey Marine Exploration by 11.2% during the 1st quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider’s stock valued at $11,872,000 after purchasing an additional 313,926 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Odyssey Marine Exploration by 39.1% during the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock worth $3,187,000 after acquiring an additional 235,334 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration in the 2nd quarter worth about $372,000. ARS Wealth Advisors Group LLC lifted its position 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 acquiring an additional 2,750 shares in the last quarter. Finally, Voisard Asset Management Group Inc. increased its holdings 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 worth $30,000 after purchasing an additional 32,000 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Odyssey Marine Exploration in a report on Thursday, September 26th. They issued a “hold” rating for the company.

Odyssey Marine Exploration Price Performance

NASDAQ OMEX traded down $0.02 during mid-day trading on Friday, reaching $0.39. 483,461 shares of the stock were exchanged, compared to its average volume of 2,157,432. Odyssey Marine Exploration has a one year low of $0.37 and a one year high of $5.57. The stock has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $3.27.

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.