Short Interest in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Increases By 80.8%

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the recipient of a large increase in short interest during the month of 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. Currently, 3.6% of the company’s shares are sold short. Based on an average trading volume of 400,100 shares, the days-to-cover ratio is currently 0.2 days.

Kaival Brands Innovations Group Stock Down 9.0 %

Shares of Kaival Brands Innovations Group stock opened at $1.11 on Wednesday. The company has a fifty day moving average of $0.86 and a 200-day moving average of $0.91. Kaival Brands Innovations Group has a 52-week low of $0.58 and a 52-week high of $9.69.

Kaival Brands Innovations Group Company Profile

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.