What happened to $NAKD?
As a result of this transaction, Naked Brand will change its name to Cenntro Automotive Group. However, it will keep its existing NAKD ticker. The company also announced that it has sufficient capital to complete the acquisition.
Why has NAKD dropped?
The once high-flying meme stock lost ground amid dissipating excitement surrounding a potential acquisition and concerns that the company will not be able to meet compliance standards needed to remain listed on the Nasdaq Stock Market.
Is NAKD going out of business?
Pending shareholder approval at a special meeting on Dec. 21, Naked Brands will merge with Cenntro Automotic Group, an electric vehicle (EV) technology firm. The new company will go forward under the Cenntro name, albeit with the NAKD stock symbol. Upon finalization, Naked Brands will cease to exist.
Will NAKD stock recover?
The retail trading frenzy breathed new life into Australian undergarment company Naked Brands International (NASDAQ:NAKD). NAKD stock was popular among meme stock traders, which drove its price higher earlier this year.
Is NAKD heavily shorted?
The company's short volume ratio of 33% suggests there's room for a squeeze. Indeed, this is one of the most highly shorted stocks on the market. Combine this fact with the reality that NAKD stock is a penny-stock play, and investors can see dollar signs in a squeeze-like scenario.
Is NAKD a good investment?
Do Hedge Funds Think NAKD Is A Good Stock To Buy Now? At Q1's end, a total of 4 of the hedge funds tracked by Insider Monkey were long this stock, a change of 300% from the fourth quarter of 2020. The graph below displays the number of hedge funds with bullish position in NAKD over the last 23 quarters.
Who owns NAKD stock?
Institutional Ownership and Shareholders These institutions hold a total of 1,325 shares. Largest shareholders include Deutsche Bank Ag\, N.E.W. Advisory Services LLC, and Cwm, Llc.
Did NAKD change their name?
FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Electric Group Limited (NASDAQ: NAKD), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that its trading symbol on the Nasdaq Capital Market (NASDAQ) will change from “NAKD” to “CENN” at the open of market trading on ...
Why is NAKD brand stock going up?
Naked Brand's (NASDAQ:NAKD) stock soared higher on Tuesday after the electric vehicle company that it is merging with announced that it has recently completed testing on its cars in Europe. The gain of 15% in NAKD stock was impressive, although shares are cooling off this morning.
What will happen to NAKD stock after merger?
Per the terms of the merger, existing NAKD shareholders will own 30% of the combined company. Cenntro's existing investors will hold the other 70%. That gives this deal an implied valuation of about $1.7 billion.
Did NAKD reverse split?
Naked Brand (NASDAQ:NAKD) stock is in the news today as investors react to the company's reverse stock split for Tuesday. Lingerie on a pink background representing NAKD stock. That reverse stock split saw the company consolidate 15 shares of NAKD stock down to one share.