Naked Brand Group (NASDAQ:NAKD) Trading Up 7.7%

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Naked Brand Group Ltd (NASDAQ:NAKD)’s stock price was up 7.7% during trading on Friday . The stock traded as high as $0.15 and last traded at $0.14, approximately 5,542,344 shares were traded during trading. An increase of 269% from the average daily volume of 1,501,081 shares. The stock had previously closed at $0.13.

The stock has a 50 day simple moving average of $0.22.

An institutional investor recently raised its position in Naked Brand Group stock. Maso Capital Partners Ltd boosted its stake in shares of Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,118,432 shares of the company’s stock after buying an additional 785,098 shares during the period. Naked Brand Group accounts for about 0.5% of Maso Capital Partners Ltd’s investment portfolio, 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 Securities & Exchange Commission. 6.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

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