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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw some unusual options trading activity on Wednesday. Stock traders bought 3,366 call options on the company. This is an increase of approximately 231% compared to the typical daily volume of 1,018 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Odyssey Marine Exploration currently has an average rating of “Sell”.

Key Headlines Impacting Odyssey Marine Exploration

Here are the key news stories impacting Odyssey Marine Exploration this week:

• Positive Sentiment: Merger announced — Odyssey will combine with American Ocean Minerals to create a U.S.-controlled deep-sea critical-minerals platform valued at about $1 billion; the deal includes a >$150M private placement and brings industry leadership (Tom Albanese). This deal is the primary catalyst for today’s rally. Business Wire: AOMC to Merge with Odyssey
• Neutral Sentiment: Reverse split scheduled — Odyssey announced a 1-for-25 reverse split effective after market close June 30 (shares adjusted July 1). This reduces outstanding shares and can affect liquidity and perceived share price. MarketBeat: OMEX Stock Page
• Neutral Sentiment: Heavy short-term/speculative activity — Unusually large call-option volume and big premarket buying accompanied the merger news, amplifying intraday volatility; expect continued speculative flows.
• Neutral Sentiment: Market context amplified move — Broad risk-on action in U.S. markets (Nasdaq/S&P strength) coincided with the news, helping magnify OMEX’s move beyond fundamentals. Benzinga: Market Summary / OMEX Jump
• Negative Sentiment: Shareholder investigations launched — Halper Sadeh LLC is investigating whether the transaction provides a fair price to OMEX shareholders, which could lead to litigation or deal scrutiny. TMCNet: Halper Sadeh Investigation
• Negative Sentiment: Additional law firms probing the deal — Monteverde & Associates (M&A Class Action Firm) has opened an investigation into the merger terms; that increases legal risk and could delay closing or create settlement costs. PR Newswire: Monteverde Investigation
• Negative Sentiment: Further fiduciary concerns — Ademi LLP also announced an investigation into whether the transaction is fair to public shareholders, adding to regulatory and litigation uncertainty. PR Newswire: Ademi Investigation

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Voisard Asset Management Group Inc. increased its position in Odyssey Marine Exploration by 20.9% during the third quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock worth $82,000 after acquiring an additional 7,300 shares during the period. Foundations Investment Advisors LLC increased its position in Odyssey Marine Exploration by 4.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 291,250 shares of the business services provider’s stock worth $571,000 after acquiring an additional 13,500 shares during the period. SLT Holdings LLC increased its position in Odyssey Marine Exploration by 4.9% during the fourth quarter. SLT Holdings LLC now owns 291,250 shares of the business services provider’s stock worth $571,000 after acquiring an additional 13,500 shares during the period. Tradewinds Capital Management LLC bought a new position in Odyssey Marine Exploration during the fourth quarter worth $27,000. Finally, Stifel Financial Corp bought a new position in Odyssey Marine Exploration during the fourth quarter worth $29,000. Institutional investors own 49.96% of the company’s stock.

Odyssey Marine Exploration Stock Up 50.3%

NASDAQ:OMEX opened at $1.25 on Thursday. Odyssey Marine Exploration has a 12 month low of $0.28 and a 12 month high of $4.43. The firm has a market cap of $72.78 million, a price-to-earnings ratio of -1.12 and a beta of -0.49. The company’s 50 day moving average is $1.42 and its 200-day moving average is $1.97.

Odyssey Marine Exploration shares are set to reverse split before the market opens on Wednesday, July 1st. The 1-25 reverse split was announced on Wednesday, April 8th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, June 30th.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.34) EPS for the quarter. The firm had revenue of $0.02 million for the quarter.

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.