Odyssey Marine Exploration (NASDAQ:OMEX) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a note issued to investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 3.8 %

Shares of OMEX traded up $0.02 during mid-day trading on Monday, reaching $0.41. The company had a trading volume of 546,566 shares, compared to its average volume of 2,150,255. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57. The company’s 50-day moving average is $1.12 and its 200-day moving average is $3.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OMEX. Voisard Asset Management Group Inc. boosted its position in shares of Odyssey Marine Exploration by 800.0% in 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 during the last quarter. Renaissance Technologies LLC bought a new position in shares of Odyssey Marine Exploration in the 2nd quarter worth $372,000. Cowen AND Company LLC boosted its position in shares of Odyssey Marine Exploration by 20.0% in the 2nd 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 during the last quarter. ARS Wealth Advisors Group LLC boosted its position in shares of 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 during the last quarter. Finally, FourWorld Capital Management LLC boosted its position in shares of Odyssey Marine Exploration by 11.2% in the 1st quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider’s stock worth $11,872,000 after purchasing an additional 313,926 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Odyssey Marine Exploration Company Profile

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.