Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Up 605.7% in October

Digital Brands Group, Inc. (NASDAQ:DBGI) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 680,300 shares, an increase of 605.7% from the September 30th total of 96,400 shares. Based on an average daily trading volume, of 5,320,000 shares, the short-interest ratio is presently 0.1 days. Approximately 18.0% of the shares of the company are short sold.

Institutional Trading of Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC bought a new stake in Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.56% of the stock is owned by institutional investors and hedge funds.

Digital Brands Group Stock Performance

Digital Brands Group stock traded down $0.01 on Friday, reaching $0.23. 3,115,559 shares of the stock were exchanged, compared to its average volume of 2,092,555. The stock has a market cap of $462,518.10, a PE ratio of -0.01 and a beta of 1.04. The firm has a fifty day moving average price of $0.51 and a two-hundred day moving average price of $1.44. Digital Brands Group has a twelve month low of $0.15 and a twelve month high of $12.80. The company has a current ratio of 0.31, a quick ratio of 0.07 and a debt-to-equity ratio of 0.05.

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

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.