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

Digital Brands Group, Inc. (NASDAQ:DBGI – Get 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.

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