Short Interest in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Expands By 37.0%

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the recipient of a significant growth in short interest during 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 company’s shares are short sold. Based on an average daily volume of 524,300 shares, the days-to-cover ratio is currently 0.0 days.

Kaival Brands Innovations Group Stock Performance

NASDAQ:KAVL opened at $0.61 on Wednesday. The stock’s 50-day moving average is $0.92 and its 200-day moving average is $0.91. Kaival Brands Innovations Group has a 1-year low of $0.52 and a 1-year high of $9.69.

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 lifted its holdings in shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,955 shares of the company’s stock after purchasing an additional 20,957 shares during the period. XTX Topco Ltd’s holdings in Kaival Brands Innovations Group were worth $32,000 as of its most recent filing with the SEC.

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.