Naked Wines plc (OTCMKTS:NWINF – Get Free Report) was the target of 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 daily trading volume, of 4,933 shares, the short-interest ratio is presently 1.1 days.
Naked Wines Stock Down 9.0%
Shares of Naked Wines stock traded down $0.08 on Thursday, reaching $0.84. The stock had a trading volume of 119 shares, compared to its average volume of 2,896. The company has a 50 day moving average price of $0.85 and a 200 day moving average price of $0.93. Naked Wines has a 1 year low of $0.77 and a 1 year high of $1.10.
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.
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