Naked Brand Group Ltd (NASDAQ:NAKD) traded up 14.3% on Friday . The company traded as high as $0.09 and last traded at $0.08, 23,907,107 shares were traded during trading. An increase of 716% from the average session volume of 2,930,416 shares. The stock had previously closed at $0.07.
The firm has a 50 day simple moving average of $0.16.
An institutional investor recently raised its position in Naked Brand Group stock. Maso Capital Partners Ltd grew its stake in shares of Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,118,432 shares of the company’s stock after buying an additional 785,098 shares during the quarter. Naked Brand Group makes up 0.5% of Maso Capital Partners Ltd’s holdings, making the stock its 16th biggest holding. Maso Capital Partners Ltd owned approximately 7.15% of Naked Brand Group worth $667,000 as of its most recent filing with the SEC. Institutional investors own 5.40% of the company’s stock.
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.
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