Vivakor, Inc. (NASDAQ:VIVK) Short Interest Update

Vivakor, Inc. (NASDAQ:VIVK) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 65,200 shares, a decline of 18.7% from the October 15th total of 80,200 shares. Based on an average daily trading volume, of 57,700 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of Vivakor

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

Vivakor Stock Performance

NASDAQ:VIVK opened at $1.57 on Friday. Vivakor has a 1-year low of $0.58 and a 1-year high of $3.45. The firm has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.75. The firm has a market cap of $45.96 million, a PE ratio of -3.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13.

Vivakor (NASDAQ:VIVK) last posted its quarterly earnings data on Friday, August 16th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $16.18 million for the quarter. Vivakor had a negative return on equity of 64.09% and a negative net margin of 18.52%.

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.