Short Interest in Digital Brands Group, Inc. (NASDAQ:DBGI) Expands By 44.8%

Digital Brands Group, Inc. (NASDAQ:DBGI) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 65,300 shares, a growth of 44.8% from the June 30th total of 45,100 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily volume of 64,300 shares, the short-interest ratio is currently 1.0 days.

Digital Brands Group Price Performance

NASDAQ DBGI traded up $0.11 on Monday, hitting $1.46. 115,084 shares of the company’s stock were exchanged, compared to its average volume of 586,030. The stock has a 50-day moving average of $1.61 and a 200-day moving average of $2.76. The company has a current ratio of 0.28, a quick ratio of 0.06 and a debt-to-equity ratio of 0.05. Digital Brands Group has a 52 week low of $1.21 and a 52 week high of $24.75. The stock has a market cap of $2.88 million, a price-to-earnings ratio of -0.08 and a beta of 1.12.

Digital Brands Group (NASDAQ:DBGI) last released its earnings results on Monday, May 20th. The company reported ($0.46) earnings per share for the quarter. Digital Brands Group had a negative return on equity of 306.47% and a negative net margin of 33.97%. The business had revenue of $3.58 million for the quarter.

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.