Digital Brands Group, Inc. (NASDAQ:DBGI) Short Interest Down 83.7% in May

Digital Brands Group, Inc. (NASDAQ:DBGI) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,000 shares, a drop of 83.7% from the May 15th total of 12,300 shares. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Digital Brands Group from a “sell” rating to a “hold” rating in a research report on Friday, May 30th.

Digital Brands Group Stock Performance

DBGI opened at $12.05 on Thursday. The company has a quick ratio of 0.06, a current ratio of 0.29 and a debt-to-equity ratio of 7.88. The stock’s 50 day moving average price is $10.50 and its two-hundred day moving average price is $6.29. The firm has a market capitalization of $49.97 million, a P/E ratio of -0.02 and a beta of 0.48. Digital Brands Group has a 12-month low of $1.03 and a 12-month high of $106.50.

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.