Digital Brands Group, Inc. (NASDAQ:DBGI – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 72,100 shares, an increase of 50.8% from the August 15th total of 47,800 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 109,000 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On Digital Brands Group
An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC purchased a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned about 7.47% of Digital Brands Group at the end of the most recent reporting period. Institutional investors and hedge funds own 1.56% of the company’s stock.
Digital Brands Group Stock Performance
NASDAQ:DBGI opened at $0.56 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.07 and a current ratio of 0.31. Digital Brands Group has a 52-week low of $0.47 and a 52-week high of $12.80. The firm has a market cap of $1.10 million, a price-to-earnings ratio of -0.03 and a beta of 1.09. The business’s fifty day moving average is $1.12 and its 200 day moving average is $2.16.
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.
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