Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Down 90.0% in November

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 124,000 shares, a drop of 90.0% from the October 31st total of 1,240,000 shares. Based on an average daily trading volume, of 20,600,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of Digital Brands Group

An institutional investor recently bought a new position 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 (SEC). The firm 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 (SEC). 1.56% of the stock is owned by institutional investors.

Digital Brands Group Price Performance

Shares of DBGI remained flat at $0.11 during mid-day trading on Wednesday. The stock had a trading volume of 4,467,476 shares, compared to its average volume of 6,220,162. 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 firm’s 50 day moving average is $0.22 and its 200-day moving average is $0.98. Digital Brands Group has a 1 year low of $0.09 and a 1 year high of $12.80. The stock has a market capitalization of $4.38 million, a PE ratio of -0.01 and a beta of 1.14.

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.