Naked Wines plc (OTCMKTS:NWINF) Stock Short Interest Declines 82.5%

Naked Wines plc (OTCMKTS:NWINF) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 5,218 shares, a drop of 82.5% from the October 15th total of 29,891 shares. Based on an average trading volume of 4,933 shares, the days-to-cover ratio is presently 1.1 days.

Naked Wines Trading Down 2.8%

Naked Wines stock traded down $0.03 during mid-day trading on Friday, hitting $0.89. The company had a trading volume of 65,665 shares, compared to its average volume of 2,873. Naked Wines has a 12 month low of $0.77 and a 12 month high of $1.10. The stock’s 50 day moving average price is $0.85 and its two-hundred day moving average price is $0.93.

Naked Wines Company Profile

Naked Wines plc is an online wine retailer that connects customers with independent winemakers. Its business model centers on a membership program called Angels: members contribute funds that help winemakers finance production, and can use those funds to buy wines through the company’s platform. The company sells wines directly to consumers, working with winemakers to offer selections that may include wines not widely available through traditional retail channels. Naked Wines serves customers in the United Kingdom, the United States and Australia.