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

Digital Brands Group, Inc. (NASDAQ:DBGIGet Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 518,000 shares, an increase of 52.1% from the March 15th total of 340,500 shares. Based on an average daily trading volume, of 768,900 shares, the days-to-cover ratio is presently 0.7 days.

Shares of DBGI stock traded down $0.01 during trading hours on Friday, reaching $1.12. 115,355 shares of the company’s stock were exchanged, compared to its average volume of 1,199,129. Digital Brands Group has a fifty-two week low of $0.91 and a fifty-two week high of $8.80. The business has a fifty day moving average price of $1.38 and a 200-day moving average price of $2.17. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 8.90.

Hedge funds have recently modified their holdings of the company. Alterna Wealth Management Inc. acquired a new position in shares of Digital Brands Group during the fourth quarter worth approximately $28,000. Geode Capital Management LLC acquired a new position in shares of Digital Brands Group during the third quarter worth approximately $39,000. Virtu Financial LLC acquired a new position in shares of Digital Brands Group during the fourth quarter worth approximately $42,000. BlackRock Inc. lifted its holdings in shares of Digital Brands Group by 229.6% during the fourth quarter. BlackRock Inc. now owns 18,565 shares of the company’s stock worth $43,000 after buying an additional 12,932 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Digital Brands Group during the third quarter worth approximately $45,000. Institutional investors own 8.99% of the company’s stock.

Digital Brands Group Company Profile (Get Rating)

Digital Brands Group, Inc provides apparel under various brands on direct-to-consumer and wholesale basis. It operates as a digitally native vertical brand that sources products from third-party manufacturers and sells directly to the end consumer through its websites, as well as through its wholesale channel in specialty stores, select department stores, and own showrooms.

Recommended Stories

Receive News & Ratings for Digital Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.