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

Vivakor, Inc. (NASDAQ:VIVK) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 43,900 shares, a drop of 27.7% from the December 15th total of 60,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 1.7 days.

Vivakor Stock Down 6.7 %

NASDAQ:VIVK opened at $1.01 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $1.37 and a 200-day simple moving average of $1.70. Vivakor has a 12 month low of $0.67 and a 12 month high of $3.45.

Institutional Trading of Vivakor

A hedge fund recently raised its stake in Vivakor stock. Inscription Capital LLC boosted its position in shares of Vivakor, Inc. (NASDAQ:VIVK) by 1,005.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 885,635 shares of the company’s stock after buying an additional 805,500 shares during the quarter. Inscription Capital LLC owned approximately 3.02% of Vivakor worth $1,364,000 at the end of the most recent reporting period. 12.31% of the stock is owned by hedge funds and other 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.