Odyssey Marine Exploration Sees Significant Decline in Short Interest (OMEX)

Posted on Mar 19, 2015

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Odyssey Marine Exploration (NASDAQ:OMEX) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totalling 17,761,224 shares, a decrease of 6.4% from the February 13th total of 18,968,980 shares, AnalystRatings.NET reports. Based on an average daily volume of 565,232 shares, the short-interest ratio is currently 31.4 days. Approximately 23.6% of the company’s stock are sold short.

Shares of Odyssey Marine Exploration (NASDAQ:OMEX) opened at 0.5601 on Tuesday. Odyssey Marine Exploration has a 52-week low of $ 0.5500 and a 52-week high of $ 2.6580. The stock has a 50-day moving average of $ 0.74 and a 200-day moving average of $ 0.96. The company’s market cap is $ 47.79 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its earnings data on Monday, March 16th. The company reported ($ 0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($ 0.09) by $ 0.03. Analysts expect that Odyssey Marine Exploration will post $ -0.3500 EPS for the current fiscal year.

Odyssey Marine Exploration, Inc is engaged in archaeologically sensitive exploration and recovery of deep-ocean shipwrecks worldwide. The Company employs technology, including side-scan sonar, magnetometers, remotely operated vehicles (NASDAQ:OMEX), and other advanced equipment that enables the Company to locate shipwrecks and natural resource sites at depths.

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