Short Interest in Vivakor, Inc. (NASDAQ:VIVK) Drops By 25.5%

Vivakor, Inc. (NASDAQ:VIVK) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 63,800 shares, a decline of 25.5% from the January 31st total of 85,600 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 37,600 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 bought a new position in shares of Vivakor, Inc. (NASDAQ:VIVK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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 quarter. Institutional investors own 12.31% of the company’s stock.

Vivakor Stock Performance

NASDAQ:VIVK opened at $0.79 on Tuesday. Vivakor has a 1-year low of $0.68 and a 1-year high of $3.45. The firm has a market capitalization of $32.40 million, a price-to-earnings ratio of -1.84 and a beta of 1.05. The company’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.10 and a quick ratio of 0.09.

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.