Odyssey Marine Exploration, Inc (NASDAQ:OMEX) Shares Rebounded 21.05% From Their Lows – But Can They Continue?

In last trading session, Odyssey Marine Exploration, Inc (NASDAQ:OMEX) saw 0.17 million shares changing hands with its beta currently measuring 0.09. Company’s recent per share price level of $0.38 trading at $0.01 or 1.53% at ring of the bell on the day assigns it a market valuation of $8.20M. That closing price of OMEX’s stock is at a discount of -1365.79% from its 52-week high price of $5.57 and is indicating a premium of 21.05% from its 52-week low price of $0.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.45 million shares which gives us an average trading volume of 7.14 million if we extend that period to 3-months.

Odyssey Marine Exploration, Inc (NASDAQ:OMEX) trade information

Upright in the green during last session for gaining 1.53%, in the last five days OMEX remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $0.38 price level, adding 6.63% to its value on the day. Odyssey Marine Exploration, Inc’s shares saw a change of -91.88% in year-to-date performance and have moved -5.55% in past 5-day. Odyssey Marine Exploration, Inc (NASDAQ:OMEX) showed a performance of -28.91% in past 30-days. Number of shares sold short was 1.5 million shares which calculate 1.97 days to cover the short interests.

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Odyssey Marine Exploration, Inc (NASDAQ:OMEX)’s Major holders

Insiders are in possession of 3.74% of company’s total shares while institution are holding 38.23 percent of that, with stock having share float percentage of 39.72%. Investors also watch the number of corporate investors in a company very closely, which is 38.23% institutions for Odyssey Marine Exploration, Inc that are currently holding shares of the company. FOURWORLD CAPITAL MANAGEMENT LLC is the top institutional holder at OMEX for having 3.03 million shares of worth $14.79 million. And as of 2024-06-30, it was holding 14.8328 of the company’s outstanding shares.

The second largest institutional holder is TWO SEAS CAPITAL LP, which was holding about 1.15 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.6334 of outstanding shares, having a total worth of $5.62 million.