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

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a significant decline in short interest during 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. Approximately 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 0.0 days.

Digital Brands Group Stock Up 8.3 %

Shares of NASDAQ:DBGI traded up $0.32 during midday trading on Thursday, reaching $4.16. The company had a trading volume of 107,218 shares, compared to its average volume of 1,285,314. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.34 and a quick ratio of 0.13. The stock’s fifty day moving average price is $3.55 and its 200-day moving average price is $4.58. The stock has a market capitalization of $3.58 million, a P/E ratio of -0.01 and a beta of 1.16. Digital Brands Group has a one year low of $2.30 and a one year high of $39.00.

Hedge Funds Weigh In On Digital Brands Group

Hedge funds have recently added to or reduced their stakes in the business. Armistice Capital LLC bought a new stake in Digital Brands Group during the third quarter valued at $170,000. State Street Corp bought a new stake in Digital Brands Group during the first quarter valued at $39,000. Millennium Management LLC bought a new stake in Digital Brands Group during the fourth quarter valued at $117,000. NVP Associates LLC bought a new stake in Digital Brands Group during the fourth quarter valued at $67,000. Finally, Engineers Gate Manager LP bought a new stake in Digital Brands Group during the fourth quarter valued at $61,000. Institutional investors and hedge funds own 1.56% of the company’s stock.

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.