Vivakor, Inc. (NASDAQ:VIVK - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 60,500 shares, a decrease of 16.6% from the November 15th total of 72,500 shares. Based on an average trading volume of 46,100 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the company's stock are sold short.
Institutional Investors Weigh In On Vivakor
A number of hedge funds and other institutional investors have recently made changes to their positions in VIVK. Ground Swell Capital LLC acquired a new position in Vivakor in the second quarter worth approximately $27,000. Y Intercept Hong Kong Ltd acquired a new stake in Vivakor in the third quarter valued at approximately $48,000. Finally, Inscription Capital LLC grew its position in Vivakor by 1,005.2% in the third quarter. Inscription Capital LLC now owns 885,635 shares of the company's stock worth $1,364,000 after acquiring an additional 805,500 shares in the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.
Vivakor Price Performance
Shares of NASDAQ:VIVK traded up $0.04 during midday trading on Friday, hitting $1.38. 10,344 shares of the stock were exchanged, compared to its average volume of 20,142. Vivakor has a 52-week low of $0.67 and a 52-week high of $3.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.10 and a quick ratio of 0.09. The business's fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.79.
Vivakor Company Profile
(
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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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