Naked Wines plc (OTCMKTS:NWINF – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 29,673 shares, an increase of 394.6% from the August 31st total of 6,000 shares. Based on an average trading volume of 2,931 shares, the days-to-cover ratio is currently 10.1 days.
Naked Wines Trading Down 3.5%
Shares of OTCMKTS NWINF traded down $0.03 during mid-day trading on Friday, hitting $0.82. The company had a trading volume of 1,300 shares, compared to its average volume of 2,342. Naked Wines has a 12 month low of $0.81 and a 12 month high of $1.10. The firm’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $0.95.
About Naked Wines
Naked Wines plc is an online wine retailer that connects consumers directly with independent winemakers. The company sells a range of wines through its digital platforms, including red, white, rosé and sparkling wines, as well as selected spirits and gift products in some markets.
Its business model is built around the “Angels” membership program. Members make regular contributions to an account, which helps fund winemakers’ production, and in return receive access to wines at member prices, along with recommendations and other benefits.
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