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

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) saw a large growth in short interest in 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. Based on an average daily volume of 524,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.5% of the shares of the company are sold short.

Kaival Brands Innovations Group Stock Performance

Shares of Kaival Brands Innovations Group stock opened at $0.57 on Monday. The firm’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.

Hedge Funds 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 position in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 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.