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

Vivakor, Inc. (NASDAQ:VIVK) saw a large decline in short interest in the month of 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 volume of 57,700 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Vivakor

A hedge fund recently bought a new stake in Vivakor stock. Ground Swell Capital LLC bought a new position in Vivakor, Inc. (NASDAQ:VIVK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,525 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Vivakor Price Performance

NASDAQ VIVK traded down $0.04 during trading hours on Friday, hitting $1.57. The company had a trading volume of 16,964 shares, compared to its average volume of 88,523. Vivakor has a 52 week low of $0.58 and a 52 week high of $3.45. The firm has a market capitalization of $45.97 million, a price-to-earnings ratio of -3.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $1.75.

Vivakor (NASDAQ:VIVK) last posted its earnings results on Friday, August 16th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $16.18 million during 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.