Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Update

Digital Brands Group, Inc. (NASDAQ:DBGI) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 344,000 shares, a growth of 177.4% from the November 15th total of 124,000 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 21,340,000 shares, the days-to-cover ratio is presently 0.0 days.

Digital Brands Group Stock Down 5.2 %

Shares of DBGI stock traded down $0.20 on Friday, hitting $3.65. The stock had a trading volume of 753,545 shares, compared to its average volume of 128,195. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.29 and a quick ratio of 0.06. The business has a 50 day moving average of $0.15 and a 200 day moving average of $0.82. Digital Brands Group has a 12-month low of $3.30 and a 12-month high of $640.00. The stock has a market cap of $140.93 million, a price-to-earnings ratio of -0.27 and a beta of 1.23.

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 Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned approximately 7.47% of Digital Brands Group as of its most recent SEC filing. Institutional investors own 1.56% of the company’s stock.

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.