Investing in Digital Brands Group Inc. (DBGI) Is Getting More Attractive

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Price Performance Review of DBGI

On Tuesday, Digital Brands Group Inc. [NASDAQ:DBGI] saw its stock fall -6.35% to $2.80. On the same session, the stock had its day’s lowest price of $2.71, but rose to a high of $3.11. Over the last five days, the stock has lost -8.50%. Digital Brands Group Inc. shares have fallen nearly -33.65% since the year began. Nevertheless, the stocks have fallen -97.59% over the past one year. While a 52-week high of $208.00 was reached on 01/11/23, a 52-week low of $2.38 was recorded on 01/20/23. SMA at 50 days reached $4.03, while 200 days put it at $19.15. A total of 1.7 million shares were traded, compared to the trading of 1.21 million shares in the previous session.

Levels Of Support And Resistance For DBGI Stock

The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.47. On the upside, there is a resistance level at 3.04. A further resistance level may holdings at 3.27. The Relative Strength Index (RSI) on the 14-day chart is 38.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 19.92% indicates the stock is a buying.

How much short interest is there in Digital Brands Group Inc.?

A steep rise in short interest was recorded in Digital Brands Group Inc. stocks on Oct 13, 2022, growing by 0.27 million shares to a total of 2.95 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 2.68 million shares. There was a rise of 9.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.7.

Digital Brands Group Inc. [DBGI] – Who Are The Largest Shareholders?

In filings from SkyView Investment Advisors LLC, it is revealed that the company now owns 6,000 shares, or roughly 0.39% of the outstanding DBGI shares.. Over the last quarter, Virtu Financial BD LLC sold -942 shares of Digital Brands Group Inc., while SSgA Funds Management, Inc. sold 1,601 shares. At present, UBS Securities LLC is holding 1,473 shares valued at $6216.0. Geode Capital Management LLC owned 798 shares of the company at the time of its most recent 13F filing, worth $3368.0.

However, 0 analysts have rated DBGI stock as a – in their predictions for 2023.

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