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

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 124,000 shares, a decrease 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 short-interest ratio is currently 0.0 days. Currently, 0.3% of the company’s shares are sold short.

Digital Brands Group Stock Performance

Shares of DBGI remained flat at $0.11 during mid-day trading on Friday. The stock had a trading volume of 2,094,154 shares, compared to its average volume of 6,202,519. The stock has a 50 day simple moving average of $0.21 and a 200 day simple moving average of $0.97. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.29 and a quick ratio of 0.06. The company has a market capitalization of $4.25 million, a PE ratio of -0.01 and a beta of 1.14. Digital Brands Group has a 52 week low of $0.09 and a 52 week high of $12.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC bought a new position in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned 7.47% of Digital Brands Group at the end of the most recent reporting period. Institutional investors and hedge funds 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.