Short Interest in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Decreases By 83.3%

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 57,200 shares, a decrease of 83.3% from the January 31st total of 343,100 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 535,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Kaival Brands Innovations Group

A hedge fund recently raised its stake in Kaival Brands Innovations Group stock. XTX Topco Ltd increased its holdings in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,955 shares of the company’s stock after acquiring an additional 20,957 shares during the quarter. XTX Topco Ltd’s holdings in Kaival Brands Innovations Group were worth $32,000 at the end of the most recent quarter.

Kaival Brands Innovations Group Stock Performance

NASDAQ KAVL opened at $0.80 on Friday. The company has a fifty day moving average of $1.07 and a two-hundred day moving average of $0.92. Kaival Brands Innovations Group has a 1 year low of $0.58 and a 1 year 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.