Odyssey Marine Exploration (NASDAQ:OMEX) Coverage Initiated at StockNews.com

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

Odyssey Marine Exploration Stock Performance

Shares of NASDAQ:OMEX opened at $0.40 on Friday. The firm has a fifty day moving average price of $0.41 and a 200 day moving average price of $0.50. Odyssey Marine Exploration has a fifty-two week low of $0.27 and a fifty-two week high of $5.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Two Seas Capital LP lifted 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 buying an additional 2,449,049 shares in the last quarter. L. Roy Papp & Associates LLP bought a new stake in Odyssey Marine Exploration in the 1st quarter worth approximately $61,000. Virtu Financial LLC bought a new stake in Odyssey Marine Exploration in the 3rd quarter worth approximately $32,000. Two Sigma Investments LP purchased a new stake in shares of Odyssey Marine Exploration during the 4th quarter worth approximately $25,000. Finally, XTX Topco Ltd boosted its position in shares of Odyssey Marine Exploration by 225.5% during the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 28,943 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.