Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Down 96.5% in December

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a significant decline in short interest in 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. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 476,400 shares, the days-to-cover ratio is presently 0.0 days.

Digital Brands Group Price Performance

DBGI traded down $0.14 on Friday, hitting $1.21. 19,953 shares of the stock were exchanged, compared to its average volume of 131,286. The business has a 50-day moving average of $5.55 and a two-hundred day moving average of $34.26. Digital Brands Group has a 12 month low of $1.03 and a 12 month high of $640.00. 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 firm has a market capitalization of $934,120.00, a price-to-earnings ratio of -0.09 and a beta of 1.23.

Institutional Investors Weigh In On Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC bought a new stake in Digital Brands Group, Inc. (NASDAQ:DBGI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned about 7.47% of Digital Brands Group as of its most recent SEC filing. Institutional investors own 1.56% of the company’s stock.

About Digital Brands Group

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.