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

Digital Brands Group, Inc. (NASDAQ:DBGI) saw 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. Based on an average daily trading volume, of 476,400 shares, the short-interest ratio is currently 0.0 days. Currently, 1.5% of the shares of the company are short sold.

Digital Brands Group Price Performance

Shares of Digital Brands Group stock traded down $0.14 during trading hours on Friday, reaching $1.21. The stock had a trading volume of 19,953 shares, compared to its average volume of 131,286. Digital Brands Group has a twelve month low of $1.03 and a twelve month high of $640.00. 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 firm has a market capitalization of $934,120.00, a PE ratio of -0.09 and a beta of 1.23. The stock’s 50 day moving average is $5.55 and its 200 day moving average is $34.26.

Hedge Funds Weigh In On Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC purchased 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 Securities and Exchange Commission. The fund purchased 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 Securities and Exchange Commission. 1.56% of the stock is 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.