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

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

Kaival Brands Innovations Group Price Performance

Shares of NASDAQ:KAVL traded up $0.08 during trading on Thursday, reaching $3.58. The company had a trading volume of 166,363 shares, compared to its average volume of 1,932,215. The company has a fifty day moving average of $2.64 and a two-hundred day moving average of $4.04. Kaival Brands Innovations Group has a 12 month low of $1.11 and a 12 month high of $20.27.

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

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.