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

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

Institutional Trading of Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC bought a new position in Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the 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 filing with the SEC. Institutional investors and hedge funds own 1.56% of the company’s stock.

Digital Brands Group Trading Down 23.9 %

NASDAQ DBGI traded down $0.02 during trading on Wednesday, hitting $0.08. The company had a trading volume of 14,435,550 shares, compared to its average volume of 6,236,557. The company’s fifty day moving average is $0.16 and its 200-day moving average is $0.83. Digital Brands Group has a one year low of $0.07 and a one year high of $12.80. 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 company has a market cap of $3.01 million, a price-to-earnings ratio of -0.01 and a beta of 1.23.

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.