Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Down 56.6% in August

Digital Brands Group, Inc. (NASDAQ:DBGI) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 146,100 shares, a drop of 56.6% from the August 15th total of 336,900 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 3,970,000 shares, the short-interest ratio is presently 0.0 days.

An institutional investor recently bought a new position in Digital Brands Group stock. Vanguard Group Inc. acquired a new position in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 89,647 shares of the company’s stock, valued at approximately $520,000. Vanguard Group Inc. owned about 0.82% of Digital Brands Group at the end of the most recent reporting period. Institutional investors and hedge funds own 1.77% of the company’s stock.

NASDAQ:DBGI remained flat at $$2.72 during mid-day trading on Friday. 126 shares of the company were exchanged, compared to its average volume of 3,608,268. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.24 and a current ratio of 0.30. Digital Brands Group has a 1 year low of $2.56 and a 1 year high of $8.80. The firm has a fifty day moving average of $3.83.

Digital Brands Group (NASDAQ:DBGI) last announced its quarterly earnings data on Thursday, August 12th. The company reported ($1.41) EPS for the quarter. The company had revenue of $1.00 million for the quarter.

Digital Brands Group Company Profile

Digital Brands Group, Inc provides apparel under various brands on direct-to-consumer and wholesale basis. It operates as a digitally native vertical brand that sources products from third-party manufacturers and sells directly to the end consumer through its websites, as well as through its wholesale channel in specialty stores, select department stores, and own showrooms.

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