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Off The Hook YS Inc. ( (OTH) ) just unveiled an update.
On January 8, 2026, Off The Hook YS Inc. announced that its board had authorized a share repurchase program of up to $1.0 million of its outstanding common stock, to be executed at management’s discretion and funded from existing cash and future cash flows. Management framed the buyback as a response to what it sees as an undervalued share price relative to the company’s business fundamentals and long-term growth prospects, signaling confidence in its strategy while affirming that capital will continue to be directed toward profitable expansion in inventory, technology, real estate, and operations, a move that could support shareholder value and reinforce its positioning in the pre-owned boat market.
More about Off The Hook YS Inc.
Founded in 2012, Off The Hook YS Inc. (NYSE: OTH) operates America’s largest buyer-and-seller platform for pre-owned boats, running a vertically integrated marine business that uses proprietary AI-powered systems and a national acquisition model to trade roughly 3,500 boats annually and more than $100 million in purchases. With operations spanning technology, wholesale, brokerage, financing, asset recovery, repair, and yacht support services through brands including Autograph Yacht Group, Azure Funding, Boats & Buyers, and We Buy Boats, the company targets the roughly $57 billion U.S. marine market and a used-boat segment of about 1 million vessels changing hands each year.
Average Trading Volume: 123,890
For detailed information about OTH stock, go to TipRanks’ Stock Analysis page.