Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) Short Interest Update

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 daily volume of 6,323,953 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 6,323,953 shares, the short-interest ratio is currently 0.1 days.

Kaival Brands Innovations Group Stock Performance

Kaival Brands Innovations Group stock traded down $0.03 during mid-day trading on Wednesday, reaching $0.06. The stock had a trading volume of 5,345,635 shares, compared to its average volume of 1,781,362. The company has a 50-day moving average price of $0.44 and a two-hundred day moving average price of $0.55. Kaival Brands Innovations Group has a one year low of $0.01 and a one year high of $1.55.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Kaival Brands Innovations Group Company Profile

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.