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

Vivakor, Inc. (NASDAQ:VIVK) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 52,400 shares, a growth of 19.4% from the December 31st total of 43,900 shares. Based on an average trading volume of 35,400 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are sold short.

Vivakor Stock Performance

Shares of VIVK stock traded down $0.05 on Friday, hitting $0.98. 49,842 shares of the stock traded hands, compared to its average volume of 56,425. The company’s fifty day moving average is $1.23 and its 200 day moving average is $1.59. Vivakor has a 1-year low of $0.67 and a 1-year high of $3.45. The company has a market capitalization of $40.19 million, a PE ratio of -2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.10 and a quick ratio of 0.09.

Institutional Trading of Vivakor

A hedge fund recently raised its stake in Vivakor stock. Inscription Capital LLC increased its holdings in Vivakor, Inc. (NASDAQ:VIVK) by 1,005.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 885,635 shares of the company’s stock after buying an additional 805,500 shares during the period. Inscription Capital LLC owned about 3.02% of Vivakor worth $1,364,000 as of its most recent filing with the SEC. Institutional investors 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.