Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 16.6% in November

Vivakor, Inc. (NASDAQ:VIVK) was the recipient of a large drop in short interest in 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 daily trading volume, of 46,100 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Vivakor

A number of hedge funds and other institutional investors have recently bought and sold shares of VIVK. Ground Swell Capital LLC acquired a new stake in shares of Vivakor in the second quarter valued at approximately $27,000. Inscription Capital LLC raised its stake in Vivakor by 1,005.2% in the 3rd quarter. Inscription Capital LLC now owns 885,635 shares of the company’s stock valued at $1,364,000 after acquiring an additional 805,500 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Vivakor during the 3rd quarter valued at $48,000. Institutional investors own 12.31% of the company’s stock.

Vivakor Stock Up 3.0 %

VIVK stock opened at $1.38 on Friday. The business has a 50-day moving average of $1.53 and a 200-day moving average of $1.79. Vivakor has a fifty-two week low of $0.67 and a fifty-two week high of $3.45. The stock has a market capitalization of $56.59 million, a P/E ratio of -3.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.10 and a quick ratio of 0.09.

About Vivakor

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.