Vivakor, Inc. (NASDAQ:VIVK) Sees Large Drop in Short Interest

Vivakor, Inc. (NASDAQ:VIVK) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 60,500 shares, a drop of 16.6% from the November 15th total of 72,500 shares. Based on an average trading volume of 46,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are short sold.

Vivakor Stock Performance

Shares of VIVK stock opened at $1.38 on Friday. The company has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $1.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.10 and a quick ratio of 0.09. The stock has a market cap of $56.59 million, a P/E ratio of -3.21 and a beta of 1.02. Vivakor has a one year low of $0.67 and a one year high of $3.45.

Institutional Trading of Vivakor

A number of hedge funds have recently modified their holdings of VIVK. Ground Swell Capital LLC acquired a new stake in shares of Vivakor during the 2nd quarter worth about $27,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Vivakor during the 3rd quarter worth about $48,000. Finally, Inscription Capital LLC lifted its stake in shares of Vivakor by 1,005.2% during the 3rd quarter. Inscription Capital LLC now owns 885,635 shares of the company’s stock worth $1,364,000 after buying an additional 805,500 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

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.