Vivakor, Inc. (NASDAQ:VIVK – Get Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 7,100 shares, a decline of 49.3% from the April 30th total of 14,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 18,400 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On Vivakor
An institutional investor recently bought a new position in Vivakor stock. Maryland Capital Advisors Inc. bought a new stake in Vivakor, Inc. (NASDAQ:VIVK – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,849 shares of the company’s stock, valued at approximately $26,000. Maryland Capital Advisors Inc. owned 0.14% of Vivakor as of its most recent SEC filing. 17.33% of the stock is owned by institutional investors.
Vivakor Price Performance
NASDAQ:VIVK traded down $0.03 during mid-day trading on Friday, hitting $1.20. 6,783 shares of the stock traded hands, compared to its average volume of 24,630. Vivakor has a 12-month low of $0.81 and a 12-month high of $3.64. The business’s 50-day moving average price is $1.14 and its 200 day moving average price is $1.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.08 and a quick ratio of 1.06.
Vivakor, Inc engages in the operation, acquisition, and development of clean energy technologies and environmental solutions that focus on soil remediation. It specializes in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances.
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