Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 32.6% in October

Vivakor, Inc. (NASDAQ:VIVK) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,260,000 shares, a decrease of 32.6% from the September 30th total of 1,870,000 shares. Based on an average daily volume of 24,780,000 shares, the short-interest ratio is presently 0.1 days. Currently, 7.1% of the company’s stock are short sold. Currently, 7.1% of the company’s stock are short sold. Based on an average daily volume of 24,780,000 shares, the short-interest ratio is presently 0.1 days.

Vivakor Trading Up 1.1%

NASDAQ VIVK opened at $0.23 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.22 and a quick ratio of 0.22. The firm’s fifty day moving average price is $0.44 and its 200 day moving average price is $0.71. The company has a market capitalization of $11.11 million, a price-to-earnings ratio of -0.21 and a beta of 0.93. Vivakor has a 12 month low of $0.18 and a 12 month high of $1.74.

Vivakor (NASDAQ:VIVK) last posted its earnings results on Tuesday, August 19th. The company reported ($0.30) EPS for the quarter. The company had revenue of $29.10 million during the quarter. Vivakor had a negative net margin of 29.87% and a negative return on equity of 31.68%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vivakor stock. Geode Capital Management LLC lifted its stake in Vivakor, Inc. (NASDAQ:VIVK) by 21.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,465 shares of the company’s stock after buying an additional 35,903 shares during the period. Geode Capital Management LLC owned approximately 0.43% of Vivakor worth $162,000 at the end of the most recent quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vivakor in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.