Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Short Interest Down 83.3% in February

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 57,200 shares, a decrease of 83.3% from the January 31st total of 343,100 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 535,100 shares, the short-interest ratio is presently 0.1 days.

Kaival Brands Innovations Group Stock Down 1.5 %

Kaival Brands Innovations Group stock opened at $0.80 on Friday. The stock has a 50 day moving average of $1.07 and a two-hundred day 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 Investors Weigh In On Kaival Brands Innovations Group

A hedge fund recently raised its stake in Kaival Brands Innovations Group stock. XTX Topco Ltd boosted its position in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) by 149.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,955 shares of the company’s stock after buying 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 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.