Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Short Interest Update

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 84,800 shares, an increase of 80.8% from the December 15th total of 46,900 shares. Based on an average daily volume of 400,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.6% of the shares of the stock are sold short.

Kaival Brands Innovations Group Trading Up 9.9 %

Shares of KAVL opened at $1.09 on Friday. Kaival Brands Innovations Group has a 52-week low of $0.58 and a 52-week high of $9.69. The business’s fifty day moving average is $0.87 and its 200-day moving average is $0.91.

About Kaival Brands Innovations Group

Kaival Brands Innovations Group, Inc sells, markets, and distributes electronic nicotine delivery system (ENDS) products and related components in the United States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS product in various flavor options for adult cigarette smokers. It sells its products to non-retail customers through convenience stores and the website www.wholesale.bidivapor.com.