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Naked Brand Group Jumps as Ault Takes 6.4% Stake

Ault Global disclosed that it held more than 41 million, or 6.4%, of Naked Brand Group's shares.
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Shares of Naked Brand Group  (NAKD) - Get Cenntro Electric Group Limited Report jumped after the apparel and swimwear company disclosed that Ault Global Holdings DPW had taken a 6.4% stake.

Ault Global, an investment firm associated with crypto-linked stocks that has started originating loans collateralized with bitcoin and ethereum. holds more than 41.1 million shares of Naked Brand Group.

At last check Naked Brand Group, Auckland, New Zealand, was 20% higher at 74 cents a share. Ault Global recently was off 0.9% at $3.24.

Naked Brand was part of the retail-trading meme bump earlier this year. 

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Naked Brand shares in late October were trading at less than 7 cents each. In late January they'd run up as high as $3.40.

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