Short Interest in Odyssey Marine Exploration Declines By 15.4% (OMEX)

Posted on Apr 29, 2015

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Shares of Odyssey Marine Exploration (NASDAQ:OMEX) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 15,394,450 shares, a decline of 15.4% from the March 13th total of 18,195,704 shares, reports. Approximately 20.5% of the shares of the stock are short sold. Based on an average daily volume of 814,903 shares, the days-to-cover ratio is presently 18.9 days.

Shares of Odyssey Marine Exploration (NASDAQ:OMEX) opened at 0.72 on Thursday. Odyssey Marine Exploration has a 52 week low of $ 0.51 and a 52 week high of $ 2.36. The stock has a 50-day moving average of $ 0. and a 200-day moving average of $ 0.. The company’s market cap is $ 61.62 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Monday, March 16th. The company reported ($ 0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($ 0.09) by $ 0.03. On average, analysts predict that Odyssey Marine Exploration will post $ -0.15 earnings per share for the current fiscal year.

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

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