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

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

Kaival Brands Innovations Group Stock Performance

Shares of KAVL stock opened at $0.62 on Friday. The firm has a fifty day simple moving average of $1.03 and a 200-day simple moving average of $0.92. Kaival Brands Innovations Group has a twelve month low of $0.58 and a twelve month high of $9.69.

Institutional Inflows and Outflows

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

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.