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

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the target 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 stock are short sold. Based on an average daily volume of 524,300 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Kaival Brands Innovations Group

An institutional investor recently raised its position in Kaival Brands Innovations Group stock. XTX Topco Ltd boosted its stake in shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

Kaival Brands Innovations Group Stock Up 10.5 %

Kaival Brands Innovations Group stock traded up $0.06 during mid-day trading on Tuesday, reaching $0.61. The company’s stock had a trading volume of 114,456 shares, compared to its average volume of 1,723,476. Kaival Brands Innovations Group has a 12 month low of $0.52 and a 12 month high of $9.69. The business’s 50 day simple moving average is $0.93 and its 200 day simple moving average is $0.91.

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.