Sunken Treasure Could Save Odyssey Marine Exploration From Shorts

Meson Capital Partners LLC, headed by Ryan Morris, has been shorting Odyssey Marine Exploration Inc (NASDAQ:OMEX) since the end of October last year, and it looks like the hedge fund has a new claim to investigate. OMEX says that it brought up nearly 1,000 ounces of gold during a preliminary dive to the wreck site of the SS Central America, and OMEX thinks there could be another $86 million left to be salvaged, reports Liezel Hill for Bloomberg.

“Gold ingots and other artifacts were clearly visible on the surface of the site during the dive...