StockNews.com Begins Coverage on Odyssey Marine Exploration (NASDAQ:OMEX)

Equities research analysts at StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report issued on Sunday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 15.3 %

Shares of NASDAQ OMEX opened at $0.36 on Friday. Odyssey Marine Exploration has a 12-month low of $0.27 and a 12-month high of $5.57. The business’s fifty day simple moving average is $0.42 and its 200-day simple moving average is $0.50.

Institutional Trading of Odyssey Marine Exploration

Several hedge funds have recently added to or reduced their stakes in OMEX. Two Sigma Investments LP purchased a new stake in Odyssey Marine Exploration during the 4th quarter worth about $25,000. Virtu Financial LLC purchased a new stake in Odyssey Marine Exploration during the third quarter worth approximately $32,000. XTX Topco Ltd raised its holdings in Odyssey Marine Exploration by 225.5% during the fourth quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock worth $30,000 after purchasing an additional 28,943 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new stake in shares of Odyssey Marine Exploration during the 1st quarter worth approximately $61,000. Finally, Two Seas Capital LP boosted its holdings in shares of Odyssey Marine Exploration by 2,449.0% in the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 2,449,049 shares in the last quarter. Institutional investors and hedge funds 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.