Vivakor, Inc. (NASDAQ:VIVK – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 80,200 shares, a drop of 18.2% from the September 30th total of 98,000 shares. Based on an average daily volume of 62,100 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Vivakor stock. Ground Swell Capital LLC purchased a new position in Vivakor, Inc. (NASDAQ:VIVK – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 Up 3.6 %
Shares of VIVK opened at $1.45 on Monday. The company’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.71. Vivakor has a 12-month low of $0.44 and a 12-month high of $3.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.13 and a current ratio of 0.13.
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.
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