Naked Brands (NAKD) Attempts To Recover on Short Squeeze

2021 has been a strange year in the stock markets due to the way in which certain unheralded stocks have managed to record significant gains due to the actions of Reddit community members. One such stock is that of intimate clothing company Naked Brands (NASDAQ: NAKD).

Since the start of the year, the stock experienced a remarkable rally and it is gaining momentum once again this week. The stock was up by as high as 15% on Monday and it might be the right time to have a look at the stock.

However, it should be noted that much of the gains made by the Naked Brands stock is due to the action of Reddit users. The users on the now-famous Reddit community WallStreetBets have chosen Naked Brands as one of the stocks to focus on. More often than not, stocks backed by the community users have recorded considerable gains and hence, investors could consider including Naked Brands in their watch lists at this point.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.