Investors Purchase High Volume of Odyssey Marine Exploration Call Options (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of unusually large options trading on Thursday. Stock traders acquired 8,846 call options on the company. This represents an increase of 209% compared to the typical volume of 2,865 call options.

Institutional Trading of Odyssey Marine Exploration

Large investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC acquired a new stake in Odyssey Marine Exploration during the 4th quarter worth $27,000. Bank of America Corp DE grew its holdings in shares of Odyssey Marine Exploration by 632.8% during the third quarter. Bank of America Corp DE now owns 19,111 shares of the business services provider’s stock worth $37,000 after purchasing an additional 16,503 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Odyssey Marine Exploration during the third quarter worth about $57,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Odyssey Marine Exploration by 20.9% in 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 last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Odyssey Marine Exploration by 127.8% in the 3rd quarter. Two Sigma Investments LP now owns 84,029 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 47,145 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Odyssey Marine Exploration Trading Down 2.9%

Shares of NASDAQ OMEX opened at $2.33 on Friday. The stock has a market cap of $129.87 million, a P/E ratio of -2.99 and a beta of -0.86. The business’s fifty day simple moving average is $2.10 and its 200-day simple moving average is $2.01. Odyssey Marine Exploration has a 12-month low of $0.27 and a 12-month high of $4.43.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its earnings results on Wednesday, November 12th. The business services provider reported ($0.31) EPS for the quarter. The company had revenue of $0.06 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Odyssey Marine Exploration Company Profile

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.