Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 25.5% in February

Vivakor, Inc. (NASDAQ:VIVK) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 63,800 shares, a decline of 25.5% from the January 31st total of 85,600 shares. Based on an average daily volume of 37,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.4% of the shares of the stock are short sold.

Vivakor Price Performance

Shares of VIVK stock traded down $0.08 on Wednesday, reaching $0.76. The company’s stock had a trading volume of 55,537 shares, compared to its average volume of 48,415. The company has a market capitalization of $31.17 million, a P/E ratio of -1.77 and a beta of 1.05. Vivakor has a 12-month low of $0.68 and a 12-month high of $3.45. The stock’s 50 day simple moving average is $1.01 and its 200-day simple moving average is $1.38. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.44.

Institutional Trading of Vivakor

An institutional investor recently bought a new position in Vivakor stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Vivakor, Inc. (NASDAQ:VIVK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,881 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned about 0.11% of Vivakor at the end of the most recent reporting period. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

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.