Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Sees Large Growth in Short Interest

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 609,446 shares, a growth of 1,003.2% from the November 30th total of 55,243 shares. Based on an average trading volume of 6,323,953 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 6,323,953 shares, the short-interest ratio is currently 0.1 days.

Kaival Brands Innovations Group Stock Performance

Shares of KAVL stock traded down $0.03 during mid-day trading on Thursday, hitting $0.06. 5,345,635 shares of the stock were exchanged, compared to its average volume of 1,781,362. The stock’s fifty day simple moving average is $0.44 and its two-hundred day simple moving average is $0.55. Kaival Brands Innovations Group has a 12-month low of $0.01 and a 12-month high of $1.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaival Brands Innovations Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kaival Brands Innovations Group presently has a consensus rating of “Sell”.

About Kaival Brands Innovations Group

Kaival Brands Innovations Group, Inc (NASDAQ: KAVL) is a diversified consumer products company specializing in the development, acquisition and commercialization of next-generation brands in the wellness, nutraceutical and functional food and beverage categories. Focusing on natural, plant-based and bioactive formulations, Kaival Brands identifies emerging trends in health and wellness and partners with entrepreneurial brands to accelerate product innovation and market penetration.

The company’s business model encompasses brand incubation, product formulation, manufacturing oversight and marketing support.