Vivakor, Inc. (NASDAQ:VIVK) Sees Large Growth in Short Interest

Vivakor, Inc. (NASDAQ:VIVK) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 85,600 shares, an increase of 63.4% from the January 15th total of 52,400 shares. Based on an average daily volume of 35,700 shares, the short-interest ratio is presently 2.4 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vivakor stock. Inscription Capital LLC raised its stake in shares of Vivakor, Inc. (NASDAQ:VIVK) by 1,005.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 885,635 shares of the company’s stock after purchasing an additional 805,500 shares during the period. Inscription Capital LLC owned 3.02% of Vivakor worth $1,364,000 as of its most recent SEC filing. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Vivakor Trading Down 1.2 %

Shares of NASDAQ:VIVK opened at $0.84 on Thursday. Vivakor has a 1 year low of $0.67 and a 1 year high of $3.45. The firm has a fifty day moving average price of $1.14 and a 200 day moving average price of $1.50. 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 market capitalization of $34.24 million, a PE ratio of -1.94 and a beta of 1.05.

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.