Naked Brand Group Ltd (NASDAQ:NAKD) shares were down 11.3% on Thursday . The stock traded as low as $1.45 and last traded at $1.42. Approximately 500 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 525,816 shares. The stock had previously closed at $1.60.

A hedge fund recently bought a new stake in Naked Brand Group stock. Maso Capital Partners Ltd acquired a new position in Naked Brand Group Ltd (NASDAQ:NAKD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,333,334 shares of the company’s stock, valued at approximately $8,453,000. Naked Brand Group makes up approximately 4.8% of Maso Capital Partners Ltd’s investment portfolio, making the stock its 5th biggest position. Maso Capital Partners Ltd owned 5.81% of Naked Brand Group at the end of the most recent reporting period. 13.59% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Naked Brand Group (NAKD) Trading Down 11.3%” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://theolympiareport.com/2018/11/10/naked-brand-group-nakd-trading-down-11-3.html.

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.

Recommended Story: Marijuana Stocks Investing Considerations

Receive News & Ratings for Naked Brand Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Naked Brand Group and related companies with MarketBeat.com's FREE daily email newsletter.