Vivakor, Inc. (NASDAQ:VIVK) Short Interest Down 36.9% in April

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

Insider Buying and Selling

In other Vivakor news, CEO James H. Ballengee bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were bought at an average price of $1.12 per share, for a total transaction of $33,600.00. Following the transaction, the chief executive officer now directly owns 1,053,672 shares in the company, valued at $1,180,112.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James H. Ballengee purchased 30,000 shares of the business’s stock in a transaction on Friday, April 19th. The shares were acquired at an average price of $1.12 per share, with a total value of $33,600.00. Following the acquisition, the chief executive officer now directly owns 1,053,672 shares in the company, valued at $1,180,112.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James H. Ballengee purchased 47,500 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was purchased at an average cost 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 $2,056,938.48. The disclosure for this purchase can be found here. Insiders have acquired a total of 215,500 shares of company stock worth $298,185 in the last 90 days. 42.49% of the stock is owned by company insiders.

Vivakor Trading Up 3.8 %

Shares of Vivakor stock opened at $1.35 on Friday. Vivakor has a 12-month low of $0.44 and a 12-month high of $1.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.13 and a quick ratio of 0.13. The company’s fifty day simple moving average is $0.93 and its two-hundred day simple moving average is $0.91.

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

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.