Short Interest in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Decreases By 75.9%

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 13,800 shares, a drop of 75.9% from the February 13th total of 57,200 shares. Based on an average daily trading volume, of 526,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Kaival Brands Innovations Group Stock Performance

Kaival Brands Innovations Group stock opened at $0.62 on Friday. The firm’s 50-day moving average is $1.03 and its 200-day moving average is $0.92. Kaival Brands Innovations Group has a 1 year low of $0.58 and a 1 year high of $9.69.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Kaival Brands Innovations Group stock. XTX Topco Ltd lifted its holdings in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,955 shares of the company’s stock after buying an additional 20,957 shares during the quarter. XTX Topco Ltd’s holdings in Kaival Brands Innovations Group were worth $32,000 as of its most recent filing with the SEC.

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.