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

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 680,300 shares, a growth of 605.7% from the September 30th total of 96,400 shares. Based on an average daily volume of 5,320,000 shares, the short-interest ratio is currently 0.1 days. Currently, 18.0% of the company’s stock are sold short.

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 position in Digital Brands Group, Inc. (NASDAQ:DBGI) during the second quarter, according to its most recent 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 about 7.47% of Digital Brands Group as of its most recent SEC filing. 1.56% of the stock is currently owned by institutional investors and hedge funds.

Digital Brands Group Stock Performance

NASDAQ:DBGI traded up $0.00 during trading on Friday, reaching $0.25. The company’s stock had a trading volume of 2,767,187 shares, compared to its average volume of 2,091,171. The firm has a market cap of $484,570.90, a price-to-earnings ratio of -0.01 and a beta of 1.04. Digital Brands Group has a 12 month low of $0.15 and a 12 month high of $12.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.07 and a current ratio of 0.31. The firm has a 50 day moving average of $0.53 and a 200-day moving average of $1.50.

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

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.