Naked Brand Group (NASDAQ:NAKD) Shares Gap Down to $0.08

Naked Brand Group Ltd (NASDAQ:NAKD)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $0.09, but opened at $0.08. Naked Brand Group shares last traded at $0.06, with a volume of 34,110,900 shares traded.

The business’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.29.

A hedge fund recently raised its stake in Naked Brand Group stock. Maso Capital Partners Ltd grew its holdings in Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,118,432 shares of the company’s stock after purchasing an additional 785,098 shares during the quarter. Naked Brand Group makes up approximately 0.5% of Maso Capital Partners Ltd’s holdings, making the stock its 16th biggest holding. Maso Capital Partners Ltd owned about 7.15% of Naked Brand Group worth $667,000 at the end of the most recent quarter. Institutional investors own 5.40% of the company’s stock.

About Naked Brand Group (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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