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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the target of unusually large options trading activity on Thursday. Stock investors acquired 15,812 call options on the company. This represents an increase of 2,195% compared to the typical daily volume of 689 call options.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Odyssey Marine Exploration in a report on Monday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of institutional investors have recently modified their holdings of OMEX. Two Sigma Investments LP purchased a new stake in shares of Odyssey Marine Exploration during the 4th quarter valued at $25,000. XTX Topco Ltd lifted its stake in Odyssey Marine Exploration by 225.5% in the 4th 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. Virtu Financial LLC purchased a new position in Odyssey Marine Exploration during the third quarter worth about $32,000. L. Roy Papp & Associates LLP bought a new stake in shares of Odyssey Marine Exploration during the 1st quarter valued at about $61,000. Finally, Two Seas Capital LP increased its position in shares of Odyssey Marine Exploration by 2,449.0% in the fourth quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock worth $1,835,000 after purchasing an additional 2,449,049 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Odyssey Marine Exploration Trading Up 100.1 %

Odyssey Marine Exploration stock opened at $0.85 on Friday. Odyssey Marine Exploration has a 12 month low of $0.27 and a 12 month high of $5.57. The stock has a 50-day moving average price of $0.43 and a two-hundred day moving average price of $0.49.

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.