Digital Brands Group, Inc. (NASDAQ:DBGI – Get Rating) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 245,500 shares, a growth of 35.9% from the December 31st total of 180,600 shares. Based on an average trading volume of 2,500,000 shares, the short-interest ratio is presently 0.1 days. Currently, 23.8% of the shares of the company are short sold.
Digital Brands Group Trading Up 6.5 %
DBGI stock traded up $0.18 during mid-day trading on Friday, hitting $2.94. 869,027 shares of the company were exchanged, compared to its average volume of 1,937,000. The business has a 50 day simple moving average of $3.92 and a 200-day simple moving average of $8.79. Digital Brands Group has a 1-year low of $2.38 and a 1-year high of $208.00.
Get Digital Brands Group alerts:Digital Brands Group (NASDAQ:DBGI – Get Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported ($9.26) earnings per share (EPS) for the quarter. The business had revenue of $3.43 million for the quarter.
Institutional Trading of Digital Brands Group
Several hedge funds and other institutional investors have recently bought and sold shares of DBGI. Norwest Venture Partners XII LP raised its stake in Digital Brands Group by 20.0% in the 2nd quarter. Norwest Venture Partners XII LP now owns 796,981 shares of the company's stock worth $155,000 after purchasing an additional 132,830 shares in the last quarter. Walleye Capital LLC acquired a new stake in Digital Brands Group in the 2nd quarter worth about $407,000. Finally, Virtu Financial LLC acquired a new stake in Digital Brands Group in the 2nd quarter worth about $54,000.Digital Brands Group Company Profile
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Digital Brands Group, Inc provides apparel under various brands on direct-to-consumer and wholesale basis. The company offers denims under the DSTLD brand; and luxury men's suiting under the ACE Studios brand. It also designs, manufactures, and sells women's apparel, such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers under the Bailey brand.
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