Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Short Interest Down 72.2% in April

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 92,700 shares, a drop of 72.2% from the March 31st total of 332,900 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 11.0% of the shares of the company are sold short.

Kaival Brands Innovations Group Price Performance

NASDAQ:KAVL traded up $0.08 during trading hours on Thursday, hitting $3.58. 166,363 shares of the stock traded hands, compared to its average volume of 1,932,215. Kaival Brands Innovations Group has a 1 year low of $1.11 and a 1 year high of $20.27. The stock has a 50 day moving average price of $2.64 and a 200 day moving average price of $4.04.

Kaival Brands Innovations Group (NASDAQ:KAVL) last issued its quarterly earnings results on Monday, March 25th. The company reported ($0.76) earnings per share for the quarter. The business had revenue of $3.21 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.