Short Interest in Digital Brands Group, Inc. (NASDAQ:DBGI) Expands By 50.8%

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 72,100 shares, a growth of 50.8% from the August 15th total of 47,800 shares. Based on an average daily trading volume, of 109,000 shares, the short-interest ratio is presently 0.7 days. Currently, 2.8% of the company’s shares are short sold.

Digital Brands Group Stock Performance

NASDAQ:DBGI opened at $0.56 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.07 and a current ratio of 0.31. The stock has a market capitalization of $1.10 million, a P/E ratio of -0.03 and a beta of 1.09. The company has a 50 day moving average price of $1.12 and a 200 day moving average price of $2.16. Digital Brands Group has a fifty-two week low of $0.47 and a fifty-two week high of $12.80.

Digital Brands Group (NASDAQ:DBGI) last posted its quarterly earnings data on Monday, August 19th. The company reported ($2.08) earnings per share for the quarter. The company had revenue of $3.40 million for the quarter. Digital Brands Group had a negative return on equity of 327.13% and a negative net margin of 102.54%.

Hedge Funds Weigh In On Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC acquired a new stake in Digital Brands Group, Inc. (NASDAQ:DBGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned 7.47% of Digital Brands Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.