Short Interest in Vivakor, Inc. (NASDAQ:VIVK) Drops By 35.9%

Vivakor, Inc. (NASDAQ:VIVK) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 98,000 shares, a decrease of 35.9% from the September 15th total of 152,900 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 70,200 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Vivakor

An institutional investor recently bought a new position in Vivakor stock. Ground Swell Capital LLC bought a new position in Vivakor, Inc. (NASDAQ:VIVK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 13,525 shares of the company’s stock, valued at approximately $27,000. 12.31% of the stock is owned by institutional investors.

Vivakor Stock Performance

NASDAQ VIVK traded down $0.04 on Friday, hitting $1.48. The company’s stock had a trading volume of 36,076 shares, compared to its average volume of 86,517. Vivakor has a 52-week low of $0.44 and a 52-week high of $3.45. The company’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $1.65. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.90.

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

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.