Short Interest in Vivakor, Inc. (NASDAQ:VIVK) Drops By 16.6%

Vivakor, Inc. (NASDAQ:VIVK) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 60,500 shares, a decrease of 16.6% from the November 15th total of 72,500 shares. Based on an average trading volume of 46,100 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Ground Swell Capital LLC purchased a new stake in Vivakor in the 2nd quarter valued at $27,000. Inscription Capital LLC grew its stake in shares of Vivakor by 1,005.2% in the 3rd quarter. Inscription Capital LLC now owns 885,635 shares of the company’s stock worth $1,364,000 after acquiring an additional 805,500 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Vivakor during the third quarter valued at about $48,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Vivakor Price Performance

Shares of NASDAQ VIVK opened at $1.38 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.09 and a current ratio of 0.10. The firm’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.80. The stock has a market cap of $56.59 million, a price-to-earnings ratio of -3.21 and a beta of 1.02. Vivakor has a fifty-two week low of $0.67 and a fifty-two week high of $3.45.

Vivakor Company Profile

Vivakor, Inc operates, acquires, and develops technologies and assets in the oil and gas industry and related environmental solutions in the United States and Kuwait. The company owns and operates a crude oil gathering, storage, and transportation facility in Delhi, Louisiana. It also owns a crude oil storage tank located near Colorado City, Texas.