Short Interest in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Increases By 31.7%

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 303,500 shares, an increase of 31.7% from the July 31st total of 230,500 shares. Based on an average daily volume of 2,370,000 shares, the short-interest ratio is presently 0.1 days. Approximately 7.2% of the shares of the company are short sold. Approximately 7.2% of the shares of the company are short sold. Based on an average daily volume of 2,370,000 shares, the short-interest ratio is presently 0.1 days.

Kaival Brands Innovations Group Trading Down 15.1%

Shares of KAVL stock opened at $0.66 on Thursday. The business’s 50 day moving average is $0.66 and its two-hundred day moving average is $0.60. Kaival Brands Innovations Group has a 12 month low of $0.45 and a 12 month high of $1.95.

Kaival Brands Innovations Group (NASDAQ:KAVL) last announced its quarterly earnings data on Tuesday, June 10th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $0.05 million for the 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.