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

Digital Brands Group, Inc. (NASDAQ:DBGIGet Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 26,100 shares, a decrease of 44.2% from the January 15th total of 46,800 shares. Based on an average daily volume of 125,700 shares, the short-interest ratio is currently 0.2 days. Approximately 3.4% of the company’s stock are short sold.

Digital Brands Group Stock Up 6.5 %

Shares of DBGI traded up $0.18 during trading on Monday, reaching $2.87. The company’s stock had a trading volume of 46,994 shares, compared to its average volume of 93,081. The company has a fifty day moving average of $3.14 and a two-hundred day moving average of $6.28. Digital Brands Group has a twelve month low of $2.30 and a twelve month high of $61.01. The company has a market cap of $2.46 million, a price-to-earnings ratio of -0.01 and a beta of 0.73. The company has a quick ratio of 0.13, a current ratio of 0.34 and a debt-to-equity ratio of 0.03.

Digital Brands Group (NASDAQ:DBGIGet Free Report) last announced its earnings results on Tuesday, November 14th. The company reported ($14.55) earnings per share (EPS) for the quarter. The business had revenue of $3.26 million during the quarter.

Institutional Investors Weigh In On Digital Brands Group

A number of institutional investors have recently made changes to their positions in DBGI. Virtu Financial LLC bought a new stake in shares of Digital Brands Group in the 2nd quarter valued at approximately $54,000. Walleye Capital LLC bought a new stake in shares of Digital Brands Group in the 2nd quarter valued at approximately $407,000. Engineers Gate Manager LP bought a new stake in shares of Digital Brands Group in the 4th quarter valued at approximately $61,000. NVP Associates LLC bought a new stake in shares of Digital Brands Group in the 4th quarter valued at approximately $67,000. Finally, Millennium Management LLC bought a new stake in shares of Digital Brands Group in the 4th quarter valued at approximately $117,000. 3.10% of the stock is currently owned by institutional investors.

About Digital Brands Group

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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.

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