Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 18.7% in October

Vivakor, Inc. (NASDAQ:VIVK) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 65,200 shares, a decline of 18.7% from the October 15th total of 80,200 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 57,700 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ground Swell Capital LLC acquired a new position in shares of Vivakor in the 2nd quarter valued at $27,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Vivakor in the 3rd quarter worth $48,000. Finally, Inscription Capital LLC boosted its holdings in Vivakor by 1,005.2% in the third quarter. Inscription Capital LLC now owns 885,635 shares of the company’s stock valued at $1,364,000 after acquiring an additional 805,500 shares during the last quarter. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Vivakor Stock Performance

Vivakor stock opened at $1.57 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13. Vivakor has a fifty-two week low of $0.58 and a fifty-two week high of $3.45. The stock’s fifty day moving average is $1.56 and its two-hundred day moving average is $1.76.

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

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.