Naked Wines plc (OTCMKTS:NWINF) Sees Significant Drop in Short Interest

Naked Wines plc (OTCMKTS:NWINF) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 11,100 shares, a decline of 36.6% from the December 15th total of 17,500 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is currently 0.6 days.

Naked Wines Trading Up 5.6 %

Shares of NWINF stock opened at $0.57 on Tuesday. The business’s fifty day moving average is $0.64 and its 200-day moving average is $0.69. Naked Wines has a 1 year low of $0.52 and a 1 year high of $0.95.

Naked Wines Company Profile

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.