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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of unusually large options trading on Monday. Investors purchased 9,307 call options on the stock. This represents an increase of 157% compared to the average daily volume of 3,626 call options.

Wall Street Analysts Forecast Growth

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

Odyssey Marine Exploration Trading Down 2.1 %

Shares of NASDAQ:OMEX opened at $0.93 on Wednesday. Odyssey Marine Exploration has a 1 year low of $0.45 and a 1 year high of $5.57. The business has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $4.12.

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

Hedge Funds Weigh In On Odyssey Marine Exploration

Several hedge funds have recently bought and sold shares of OMEX. Deltec Asset Management LLC acquired a new position in Odyssey Marine Exploration during the first quarter worth $107,000. Cowen AND Company LLC increased its position in 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 buying an additional 6,000 shares during the last quarter. Fifth Lane Capital LP acquired a new position in Odyssey Marine Exploration during the first quarter worth $179,000. ARS Wealth Advisors Group LLC increased its position in Odyssey Marine Exploration by 5.7% during the second quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock worth $249,000 after buying an additional 2,750 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Odyssey Marine Exploration in the second quarter worth about $372,000. 49.96% of the stock is owned by institutional investors and hedge funds.

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.