Naked Brand Group (NASDAQ:NAKD) Shares Gap Down to $0.16

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Naked Brand Group Ltd (NASDAQ:NAKD)’s share price gapped down prior to trading on Monday . The stock had previously closed at $0.16, but opened at $0.16. Naked Brand Group shares last traded at $0.15, with a volume of 112,880 shares changing hands.

The company’s 50 day simple moving average is $0.23.

An institutional investor recently raised its position in Naked Brand Group stock. Maso Capital Partners Ltd raised its holdings in Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,118,432 shares of the company’s stock after buying an additional 785,098 shares during the period. Naked Brand Group comprises about 0.5% of Maso Capital Partners Ltd’s holdings, making the stock its 16th largest position. Maso Capital Partners Ltd owned approximately 7.15% of Naked Brand Group worth $667,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.15% 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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