Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 27.7% in December

Vivakor, Inc. (NASDAQ:VIVK) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 43,900 shares, a decline of 27.7% from the December 15th total of 60,700 shares. Based on an average trading volume of 25,400 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the shares of the company are short sold.

Vivakor Stock Performance

Shares of NASDAQ VIVK opened at $1.03 on Wednesday. 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 stock has a 50 day simple moving average of $1.38 and a 200-day simple moving average of $1.70. The company has a market cap of $42.24 million, a PE ratio of -2.40 and a beta of 1.10. Vivakor has a 12-month low of $0.67 and a 12-month high of $3.45.

Institutional Inflows and Outflows

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

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.