Short interest in Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) down 14.7%

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL – Get Free Report ) was the beneficiary of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 160,500 shares, a decrease of 14.7% from the July 15th total of 188,200 shares. Based on an average daily volume of 2,130,000 shares, the short interest rate is currently 0.1 days. About 3.4% of the company’s shares are short-sold.

Kaival Brands Innovations Group Stock Performance

Shares of Kaival Brands Innovations Group stock opened at $0.76 on Monday. The company has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $2.28. Kaival Brands Innovations Group has a one year low of $0.61 and a one year high of $14.70.

Kaival Brands Innovations Group (NASDAQ:KAVL – Get Free Report ) last released its quarterly earnings results on Tuesday, June 18th. The company reported ($0.56) EPS for the quarter. The firm had revenue of $2.23 million for the quarter.

Kaival Brands Innovations Group Company Profile

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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 single-use, 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.

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