Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 27.7% in December

Vivakor, Inc. (NASDAQ:VIVK) saw a significant drop in short interest in 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 stock are sold short. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Vivakor

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

Vivakor Stock Performance

NASDAQ VIVK opened at $1.03 on Wednesday. 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 market cap of $42.24 million, a price-to-earnings ratio of -2.40 and a beta of 1.10. The company has a 50 day moving average of $1.38 and a 200-day moving average of $1.70. Vivakor has a 1-year low of $0.67 and a 1-year high of $3.45.

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.