Digital Brands Group, Inc. (NASDAQ:DBGI) Sees Large Decrease in Short Interest

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 124,000 shares, a drop of 90.0% from the October 31st total of 1,240,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 20,600,000 shares, the short-interest ratio is currently 0.0 days.

Digital Brands Group Stock Performance

DBGI stock remained flat at $0.11 during midday trading on Wednesday. The company had a trading volume of 4,467,476 shares, compared to its average volume of 6,220,162. The company has a current ratio of 0.29, a quick ratio of 0.06 and a debt-to-equity ratio of 7.88. The firm has a 50-day simple moving average of $0.22 and a two-hundred day simple moving average of $0.98. The firm has a market cap of $4.38 million, a PE ratio of -0.01 and a beta of 1.14. Digital Brands Group has a one year low of $0.09 and a one year high of $12.80.

Institutional Investors Weigh In On Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC bought a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned 7.47% of Digital Brands Group at the end of the most recent reporting period. 1.56% of the stock is owned by hedge funds and other institutional investors.

Digital Brands Group Company Profile

Digital Brands Group, Inc engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. It operates through DSTLD, Bailey, H&J, Stateside, and Sundry segments. The company designs, manufactures, and sells women's apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, sportswear, shirts, jackets, pants, shorts, polos, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suiting for men.