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

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 18,900 shares, a growth of 37.0% from the February 28th total of 13,800 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 524,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kaival Brands Innovations Group stock. XTX Topco Ltd grew its stake in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,955 shares of the company’s stock after purchasing 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 SEC filing.

Kaival Brands Innovations Group Stock Performance

Kaival Brands Innovations Group stock opened at $0.57 on Monday. The stock’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $0.92. Kaival Brands Innovations Group has a 12 month low of $0.53 and a 12 month high of $9.69.

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.