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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the recipient of unusually large options trading on Wednesday. Investors bought 3,366 call options on the stock. This is an increase of approximately 231% compared to the average volume of 1,018 call options.

Odyssey Marine Exploration Stock Up 81.0%

Odyssey Marine Exploration stock traded up $0.67 during mid-day trading on Wednesday, hitting $1.51. The company’s stock had a trading volume of 180,424,060 shares, compared to its average volume of 3,211,828. The stock has a market capitalization of $87.62 million, a P/E ratio of -1.37 and a beta of -0.49. Odyssey Marine Exploration has a twelve month low of $0.28 and a twelve month high of $4.43. The stock’s fifty day moving average price is $1.44 and its two-hundred day moving average price is $1.97.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.34) earnings per share (EPS) for the quarter. The business had revenue of $0.02 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Odyssey Marine Exploration

Large investors have recently added to or reduced their stakes in the company. Old West Investment Management LLC acquired a new stake in Odyssey Marine Exploration during the 3rd quarter valued at $7,170,000. SLT Holdings LLC acquired a new stake in Odyssey Marine Exploration during the 3rd quarter valued at $542,000. Foundations Investment Advisors LLC acquired a new stake in Odyssey Marine Exploration during the 3rd quarter valued at $542,000. Jefferies Financial Group Inc. acquired a new stake in Odyssey Marine Exploration during the 3rd quarter valued at $780,000. Finally, Voisard Asset Management Group Inc. raised its stake in Odyssey Marine Exploration by 20.9% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 7,300 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc (NASDAQ: OMEX) is a marine technology and deep-ocean exploration company specializing in the location, recovery, and preservation of underwater cultural heritage. The company employs advanced remotely operated vehicles (ROVs) and proprietary seabed mapping systems to carry out high-precision surveys and recovery operations at depths exceeding 6,000 meters. Odyssey Marine’s mission centers on responsible stewardship of historic shipwrecks, valuable cargoes, and other submerged assets, combining maritime archaeology with commercially oriented salvage projects.

In addition to treasure recovery, Odyssey Marine offers a range of subsea services to support government, commercial, and scientific clients worldwide.