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

Vivakor, Inc. (NASDAQ:VIVK) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 85,600 shares, a growth of 63.4% from the January 15th total of 52,400 shares. Based on an average trading volume of 35,700 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.5% of the shares of the company are short sold.

Vivakor Stock Down 0.2 %

VIVK stock opened at $0.83 on Friday. The firm has a fifty day moving average price of $1.14 and a 200 day moving average price of $1.50. Vivakor has a fifty-two week low of $0.67 and a fifty-two week high of $3.45. 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 Investors Weigh In On Vivakor

A hedge fund recently raised its stake in Vivakor stock. Inscription Capital LLC lifted its holdings in shares of Vivakor, Inc. (NASDAQ:VIVK) by 1,005.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing. 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.