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

Vivakor, Inc. (NASDAQ:VIVK) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 52,400 shares, an increase of 19.4% from the December 31st total of 43,900 shares. Based on an average daily volume of 35,400 shares, the short-interest ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Vivakor

An institutional investor recently raised its position in Vivakor stock. Inscription Capital LLC boosted its holdings in Vivakor, Inc. (NASDAQ:VIVK) by 1,005.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 885,635 shares of the company’s stock after purchasing an additional 805,500 shares during the period. Inscription Capital LLC owned about 3.02% of Vivakor worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 12.31% of the company’s stock.

Vivakor Stock Down 4.9 %

NASDAQ:VIVK opened at $0.98 on Monday. The stock has a 50-day simple moving average of $1.23 and a 200 day simple moving average of $1.58. Vivakor has a 52-week low of $0.67 and a 52-week high of $3.45. The company has a market cap of $40.19 million, a PE ratio of -2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.09 and a current ratio of 0.10.

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.