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

Digital Brands Group, Inc. (NASDAQ:DBGIGet Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 26,100 shares, a decrease of 44.2% from the January 15th total of 46,800 shares. Based on an average daily trading volume, of 125,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.4% of the company’s stock are sold short.

Institutional Trading of Digital Brands Group

A number of hedge funds have recently added to or reduced their stakes in DBGI. Walleye Capital LLC purchased a new stake in Digital Brands Group in the second quarter worth about $407,000. Virtu Financial LLC purchased a new stake in Digital Brands Group in the second quarter worth about $54,000. State Street Corp purchased a new stake in Digital Brands Group in the first quarter worth about $39,000. Millennium Management LLC purchased a new stake in Digital Brands Group in the fourth quarter worth about $117,000. Finally, Armistice Capital LLC purchased a new stake in Digital Brands Group in the third quarter worth about $170,000. 3.10% of the stock is owned by hedge funds and other institutional investors.

Digital Brands Group Stock Up 6.5 %

Shares of DBGI stock traded up $0.18 on Monday, hitting $2.87. The stock had a trading volume of 46,994 shares, compared to its average volume of 93,081. Digital Brands Group has a one year low of $2.30 and a one year high of $61.01. The business has a 50 day moving average price of $3.14 and a 200 day moving average price of $6.28. The company has a market cap of $2.46 million, a PE ratio of -0.01 and a beta of 0.73. The company has a quick ratio of 0.13, a current ratio of 0.34 and a debt-to-equity ratio of 0.03.

Digital Brands Group (NASDAQ:DBGIGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($14.55) earnings per share for the quarter. The company had revenue of $3.26 million for the quarter.

Digital Brands Group Company Profile

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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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