Vivakor, Inc. (NASDAQ:VIVK) Sees Significant Decrease in Short Interest

Vivakor, Inc. (NASDAQ:VIVK) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 63,800 shares, a decline of 25.5% from the January 31st total of 85,600 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 37,600 shares, the days-to-cover ratio is currently 1.7 days.

Vivakor Trading Down 9.4 %

Shares of VIVK stock traded down $0.08 on Wednesday, hitting $0.76. 55,537 shares of the company’s stock traded hands, compared to its average volume of 48,415. The stock has a market capitalization of $31.17 million, a price-to-earnings ratio of -1.77 and a beta of 1.05. The company’s fifty day simple moving average is $1.01 and its 200 day simple moving average is $1.38. Vivakor has a one year low of $0.68 and a one year high of $3.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.09 and a current ratio of 0.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vivakor stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Vivakor, Inc. (NASDAQ:VIVK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,881 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned 0.11% of Vivakor at the end of the most recent reporting period. 12.31% of the stock is currently owned by institutional investors.

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.