Naked Brand Group (NASDAQ:NAKD) Sees Large Volume Increase

Shares of Naked Brand Group Ltd (NASDAQ:NAKD) saw an uptick in trading volume on Wednesday . 2,309,449 shares traded hands during mid-day trading, an increase of 191% from the previous session’s volume of 794,457 shares.The stock last traded at $0.65 and had previously closed at $0.60.

Separately, ValuEngine lowered Naked Brand Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

The business has a fifty day simple moving average of $1.17 and a 200 day simple moving average of $0.39.

A hedge fund recently bought a new stake in Naked Brand Group stock. Millennium Management LLC acquired a new position in shares of Naked Brand Group Ltd (NASDAQ:NAKD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 859,700 shares of the company’s stock, valued at approximately $29,000. Millennium Management LLC owned approximately 0.39% of Naked Brand Group as of its most recent filing with the Securities and Exchange Commission.

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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