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

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 49,200 shares, a decline of 31.8% from the August 31st total of 72,100 shares. Based on an average daily trading volume, of 130,100 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the company’s stock are sold short.

Digital Brands Group Stock Up 13.1 %

NASDAQ DBGI traded up $0.04 during mid-day trading on Friday, reaching $0.36. The stock had a trading volume of 445,012 shares, compared to its average volume of 497,300. The company has a fifty day moving average price of $0.91 and a 200 day moving average price of $1.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.07. Digital Brands Group has a 1 year low of $0.30 and a 1 year high of $12.80. The stock has a market cap of $712,581.10, a PE ratio of -0.02 and a beta of 1.09.

Digital Brands Group (NASDAQ:DBGI) last released its quarterly earnings data on Monday, August 19th. The company reported ($2.08) EPS for the quarter. Digital Brands Group had a negative net margin of 102.54% and a negative return on equity of 327.13%. The business had revenue of $3.40 million for the quarter.

Institutional Trading of Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC bought a new position in Digital Brands Group, Inc. (NASDAQ:DBGI) in the second quarter, according to the company in its most recent disclosure with the SEC. 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 quarter. 1.56% of the stock is currently owned by institutional investors and hedge funds.

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.