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

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 12,000 shares, a decline of 96.5% from the November 30th total of 344,000 shares. Based on an average trading volume of 476,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.5% of the shares of the company are sold short.

Digital Brands Group Stock Performance

DBGI traded down $0.14 during trading hours on Friday, reaching $1.21. The company’s stock had a trading volume of 19,953 shares, compared to its average volume of 131,286. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.06 and a current ratio of 0.29. The company’s 50-day moving average is $5.55 and its 200-day moving average is $34.26. Digital Brands Group has a 52 week low of $1.03 and a 52 week high of $640.00. The firm has a market cap of $934,120.00, a PE ratio of -0.09 and a beta of 1.23.

Institutional Trading of Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC purchased a new stake in Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 currently owned by 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.