Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Sees Significant Growth in Short Interest

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

Kaival Brands Innovations Group Stock Up 9.9 %

Shares of KAVL opened at $1.09 on Friday. The firm’s 50 day moving average is $0.87 and its 200-day moving average is $0.91. Kaival Brands Innovations Group has a 12-month low of $0.58 and a 12-month 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.