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

by · The Markets Daily

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL – Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 431,300 shares, an increase of 417.1% from the September 15th total of 83,400 shares. Approximately 9.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 0.1 days.

Kaival Brands Innovations Group Stock Performance

Shares of KAVL traded down $0.06 during mid-day trading on Friday, hitting $0.86. 317,677 shares of the company traded hands, compared to its average volume of 2,508,722. The business has a 50 day moving average of $0.81 and a 200 day moving average of $1.89. Kaival Brands Innovations Group has a 1-year low of $0.58 and a 1-year high of $9.69.

Kaival Brands Innovations Group (NASDAQ:KAVL – Get Free Report) last posted its quarterly earnings results on Friday, September 20th. The company reported ($0.39) earnings per share (EPS) for the quarter. The business had revenue of $0.71 million for the quarter.

Kaival Brands Innovations Group Company Profile

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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.

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