Naked Brand Group (NASDAQ:NAKD) Trading Down 12.9%

Shares of Naked Brand Group Ltd (NASDAQ:NAKD) were down 12.9% during trading on Thursday . The company traded as low as $0.27 and last traded at $0.27. Approximately 525,665 shares were traded during trading, an increase of 2% from the average daily volume of 513,577 shares. The stock had previously closed at $0.31.

A hedge fund recently raised its stake in Naked Brand Group stock. Maso Capital Partners Ltd raised its position in shares of Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,118,432 shares of the company’s stock after buying an additional 785,098 shares during the quarter. Naked Brand Group accounts for 0.5% of Maso Capital Partners Ltd’s portfolio, making the stock its 16th largest position. Maso Capital Partners Ltd owned about 7.15% of Naked Brand Group worth $667,000 as of its most recent filing with the Securities and Exchange Commission. 12.35% of the stock is owned by institutional investors and hedge funds.

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Naked Brand Group Company Profile (NASDAQ:NAKD)

Naked Brand Group Limited designs, manufactures, and markets intimate, apparel, and swimwear products worldwide. The company has a portfolio of 11 company-owned and licensed brands, including Heidi Klum Intimates, Heidi Klum Accessories, Bendon, Fayreform, Pleasure State, Lovable, Heidi Klum Swim, Naked, Hickory, Bendon Man, and Davenport.

Further Reading: Sell-Side Analysts

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