Naked Brand Group Ltd (NASDAQ:NAKD) shares saw unusually-strong trading volume on Friday . Approximately 1,203,934 shares traded hands during trading, an increase of 185% from the previous session’s volume of 422,268 shares.The stock last traded at $0.27 and had previously closed at $0.26.

A hedge fund recently raised its stake in Naked Brand Group stock. Maso Capital Partners Ltd raised its position in shares of Naked Brand Group Ltd (NASDAQ:NAKD) by 58.9% in the first quarter, according to its most recent filing with the SEC. The firm 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 investment portfolio, making the stock its 16th largest holding. Maso Capital Partners Ltd owned approximately 7.15% of Naked Brand Group worth $667,000 at the end of the most recent reporting period. 20.66% of the stock is owned by institutional investors.

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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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