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

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 33,400 shares, a decline of 38.8% from the February 29th total of 54,600 shares. Currently, 4.3% of the company’s shares are short sold. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is currently 0.0 days.

Digital Brands Group Trading Up 8.3 %

Shares of Digital Brands Group stock traded up $0.32 on Thursday, reaching $4.16. The company had a trading volume of 107,218 shares, compared to its average volume of 1,285,314. Digital Brands Group has a 52-week low of $2.30 and a 52-week high of $39.00. The firm’s 50 day moving average price is $3.55 and its two-hundred day moving average price is $4.58. The firm has a market cap of $3.58 million, a PE ratio of -0.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.34.

Institutional Investors Weigh In On Digital Brands Group

Large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new stake in Digital Brands Group during the 4th quarter worth approximately $61,000. NVP Associates LLC purchased a new stake in Digital Brands Group during the 4th quarter worth approximately $67,000. Armistice Capital LLC purchased a new stake in Digital Brands Group during the 3rd quarter worth approximately $170,000. Millennium Management LLC purchased a new stake in Digital Brands Group during the 4th quarter worth approximately $117,000. Finally, State Street Corp purchased a new stake in Digital Brands Group during the 1st quarter worth approximately $39,000. 1.56% of the stock is owned by hedge funds and other institutional investors.

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.