Vivakor, Inc. (NASDAQ:VIVK) Short Interest Update

Vivakor, Inc. (NASDAQ:VIVK) saw 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 25,400 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Vivakor

A hedge fund recently bought a new stake in Vivakor stock. Y Intercept Hong Kong Ltd acquired a new position in Vivakor, Inc. (NASDAQ:VIVK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,881 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned about 0.11% of Vivakor at the end of the most recent quarter. Institutional investors own 12.31% of the company’s stock.

Vivakor Stock Performance

Shares of VIVK stock opened at $1.08 on Thursday. Vivakor has a 12 month low of $0.67 and a 12 month high of $3.45. 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 business’s 50 day moving average is $1.38 and its two-hundred day moving average is $1.70.

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.