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

Equities researchers at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report issued on Sunday. The brokerage 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. Odyssey Marine Exploration has a 12-month low of $0.27 and a 12-month high of $5.57. The firm has a 50 day moving average of $0.41 and a 200 day moving average of $0.50.

Institutional Investors Weigh In On Odyssey Marine Exploration

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP bought a new stake in Odyssey Marine Exploration during the fourth quarter valued at about $25,000. Virtu Financial LLC purchased a new position in shares of Odyssey Marine Exploration during the 3rd quarter valued at about $32,000. XTX Topco Ltd grew its stake 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 period. L. Roy Papp & Associates LLP purchased a new stake in Odyssey Marine Exploration in the 1st quarter worth approximately $61,000. Finally, Two Seas Capital LP increased its holdings in 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 worth $1,835,000 after acquiring an additional 2,449,049 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.