Naked Brand Group (NAKD) Sees Unusually-High Trading Volume
Shares of Naked Brand Group Ltd (NASDAQ:NAKD) saw strong trading volume on Tuesday . 903,991 shares changed hands during trading, an increase of 120% from the previous session’s volume of 411,799 shares.The stock last traded at $0.30 and had previously closed at $0.27.
A hedge fund recently raised its stake in Naked Brand Group stock. Maso Capital Partners Ltd raised its stake in Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,118,432 shares of the company’s stock after acquiring an additional 785,098 shares during the period. Naked Brand Group makes up 0.5% of Maso Capital Partners Ltd’s portfolio, making the stock its 16th largest 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 and hedge funds own 12.35% of the company’s stock.
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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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