Short Interest in Digital Brands Group, Inc. (NASDAQ:DBGI) Grows By 177.4%

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 344,000 shares, an increase of 177.4% from the November 15th total of 124,000 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 21,340,000 shares, the days-to-cover ratio is currently 0.0 days.

Digital Brands Group Stock Performance

NASDAQ DBGI traded down $0.20 during trading on Friday, hitting $3.65. 753,545 shares of the company’s stock traded hands, compared to its average volume of 128,195. The stock has a market capitalization of $140.93 million, a price-to-earnings ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.06 and a current ratio of 0.29. The business has a 50 day moving average of $0.15 and a 200-day moving average of $0.82. Digital Brands Group has a 12-month low of $3.30 and a 12-month high of $640.00.

Institutional Investors Weigh In On Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC acquired a new position in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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. Hedge funds and other institutional investors own 1.56% of the company’s stock.

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.