Short Interest in Vivakor, Inc. (NASDAQ:VIVK) Declines By 36.9%

Vivakor, Inc. (NASDAQ:VIVK) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 184,300 shares, a decline of 36.9% from the March 31st total of 292,300 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 152,800 shares, the short-interest ratio is currently 1.2 days.

Insiders Place Their Bets

In other news, CEO James H. Ballengee bought 47,500 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was purchased at an average price of $1.59 per share, with a total value of $75,525.00. Following the transaction, the chief executive officer now directly owns 1,293,672 shares in the company, valued at $2,056,938.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO James H. Ballengee acquired 47,500 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were bought at an average price of $1.59 per share, for a total transaction of $75,525.00. Following the acquisition, the chief executive officer now owns 1,293,672 shares in the company, valued at approximately $2,056,938.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James H. Ballengee acquired 138,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were bought at an average price of $1.37 per share, for a total transaction of $189,060.00. Following the acquisition, the chief executive officer now owns 1,191,672 shares in the company, valued at approximately $1,632,590.64. The disclosure for this purchase can be found here. Insiders bought a total of 215,500 shares of company stock valued at $298,185 in the last quarter. Insiders own 42.49% of the company’s stock.

Vivakor Stock Performance

NASDAQ:VIVK opened at $1.35 on Friday. The firm’s 50-day moving average is $0.93 and its 200-day moving average is $0.91. Vivakor has a 52-week low of $0.44 and a 52-week high of $1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.13 and a current ratio of 0.13.

Vivakor (NASDAQ:VIVK) last posted its earnings results on Tuesday, April 16th. The company reported ($0.18) earnings per share for the quarter. The business had revenue of $13.87 million during the quarter. Vivakor had a negative net margin of 18.10% and a negative return on equity of 48.09%.

Vivakor Company Profile

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.