Investors Buy Large Volume of Call Options on Odyssey Marine Exploration (NASDAQ:OMEX)

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

Odyssey Marine Exploration Trading Down 2.1 %

Shares of NASDAQ:OMEX opened at $0.93 on Wednesday. The stock has a fifty day moving average of $3.79 and a 200-day moving average of $4.12. Odyssey Marine Exploration has a one year low of $0.45 and a one year high of $5.57.

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

Analysts Set New Price Targets

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

Institutional Trading of Odyssey Marine Exploration

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Odyssey Marine Exploration by 39.1% in the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after purchasing an additional 235,334 shares in the last quarter. FourWorld Capital Management LLC lifted its holdings in shares of Odyssey Marine Exploration by 7.5% in the fourth quarter. FourWorld Capital Management LLC now owns 2,802,121 shares of the business services provider’s stock valued at $13,030,000 after purchasing an additional 195,000 shares in the last quarter. Fifth Lane Capital LP purchased a new stake in shares of Odyssey Marine Exploration during the first quarter worth $179,000. Deltec Asset Management LLC purchased a new stake in shares of Odyssey Marine Exploration during the first quarter worth $107,000. Finally, Cowen AND Company LLC raised its holdings 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 acquiring an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.