Short Interest in Vivakor, Inc. (NASDAQ:VIVK) Drops By 18.2%

Vivakor, Inc. (NASDAQ:VIVK) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 80,200 shares, a decrease of 18.2% from the September 30th total of 98,000 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 62,100 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Vivakor

An institutional investor recently bought a new position in Vivakor stock. Ground Swell Capital LLC purchased a new stake in Vivakor, Inc. (NASDAQ:VIVK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,525 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Vivakor Trading Down 2.7 %

Shares of NASDAQ:VIVK opened at $1.46 on Wednesday. The firm has a market cap of $42.75 million, a price-to-earnings ratio of -2.86 and a beta of 1.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. Vivakor has a 12 month low of $0.44 and a 12 month high of $3.45. The company’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $1.72.

Vivakor (NASDAQ:VIVK) last announced its earnings results on Friday, August 16th. The company reported ($0.12) earnings per share (EPS) for the quarter. Vivakor had a negative net margin of 18.52% and a negative return on equity of 64.09%. The firm had revenue of $16.18 million during the quarter.

About Vivakor

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.