Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Up 44.8% in July

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 65,300 shares, an increase of 44.8% from the June 30th total of 45,100 shares. Based on an average daily trading volume, of 64,300 shares, the short-interest ratio is currently 1.0 days. Currently, 3.3% of the shares of the stock are sold short.

Digital Brands Group Price Performance

NASDAQ:DBGI traded up $0.11 during trading hours on Monday, hitting $1.46. 115,084 shares of the stock were exchanged, compared to its average volume of 586,030. The company has a current ratio of 0.28, a quick ratio of 0.06 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $1.61 and its 200 day moving average price is $2.76. The company has a market cap of $2.88 million, a P/E ratio of -0.08 and a beta of 1.12. Digital Brands Group has a 52-week low of $1.21 and a 52-week high of $24.75.

Digital Brands Group (NASDAQ:DBGI) last posted its quarterly earnings results on Monday, May 20th. The company reported ($0.46) earnings per share (EPS) for the quarter. Digital Brands Group had a negative net margin of 33.97% and a negative return on equity of 306.47%. The company had revenue of $3.58 million during the quarter.

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.