Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 18.7% in October

Vivakor, Inc. (NASDAQ:VIVK) was the recipient of 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 trading volume, of 57,700 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Vivakor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ground Swell Capital LLC bought a new position in shares of Vivakor in the second quarter worth $27,000. Y Intercept Hong Kong Ltd acquired a new stake in Vivakor in the third quarter worth about $48,000. Finally, Inscription Capital LLC grew its position 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 buying an additional 805,500 shares in the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Vivakor Trading Down 2.5 %

Shares of VIVK stock opened at $1.57 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $1.56 and its two-hundred day moving average price is $1.76. Vivakor has a 12 month low of $0.58 and a 12 month high of $3.45.

Vivakor (NASDAQ:VIVK) last released its quarterly earnings results on Friday, August 16th. The company reported ($0.12) EPS for the quarter. The business 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.