Naked Wines plc (OTCMKTS:NWINF) Sees Large Decline in Short Interest

Naked Wines plc (OTCMKTS:NWINF) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,000 shares, a drop of 40.0% from the September 30th total of 10,000 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 1.4 days.

Naked Wines Stock Performance

Naked Wines stock remained flat at $1.02 during midday trading on Monday. The company’s stock had a trading volume of 16 shares, compared to its average volume of 6,704. The company’s fifty day simple moving average is $1.03 and its 200 day simple moving average is $1.03. Naked Wines has a 12 month low of $0.52 and a 12 month high of $1.25.

About Naked Wines

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online. The company was formerly known as Majestic Wine plc and changed its name to Naked Wines plc in August 2019. The company was founded in 1980 and is headquartered in Norwich, the United Kingdom.