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

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) was the recipient of a significant growth in short interest in the month of 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 daily trading volume, of 6,323,953 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 6,323,953 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaival Brands Innovations Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Kaival Brands Innovations Group Price Performance

Shares of KAVL opened at $0.06 on Friday. The business’s 50 day moving average is $0.43 and its 200 day 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.

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.