Short Interest in PLBY Group, Inc. (NASDAQ:PLBY) Drops By 20.3%

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,240,000 shares, a drop of 20.3% from the February 28th total of 2,810,000 shares. Based on an average daily volume of 747,100 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.1% of the shares of the company are sold short.

Institutional Trading of PLBY Group

Several hedge funds have recently modified their holdings of the company. Balyasny Asset Management L.P. bought a new stake in PLBY Group during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC acquired a new position in PLBY Group in the fourth quarter worth $41,000. J2 Capital Management Inc bought a new stake in shares of PLBY Group during the fourth quarter worth $43,000. Squarepoint Ops LLC acquired a new stake in shares of PLBY Group in the fourth quarter valued at $50,000. Finally, BNP Paribas Financial Markets bought a new position in shares of PLBY Group in the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 32.46% of the company's stock.

PLBY Group Price Performance

PLBY stock traded down $0.04 during trading on Friday, hitting $0.99. The company had a trading volume of 317,943 shares, compared to its average volume of 1,107,789. The company has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $1.31. PLBY Group has a fifty-two week low of $0.52 and a fifty-two week high of $2.44. The company has a market cap of $92.34 million, a P/E ratio of -1.03 and a beta of 2.32. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49.

Remove Ads

PLBY Group (NASDAQ:PLBY - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. The firm had revenue of $33.49 million during the quarter, compared to the consensus estimate of $13.40 million. Equities research analysts expect that PLBY Group will post -1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PLBY shares. Roth Mkm assumed coverage on shares of PLBY Group in a report on Friday, January 31st. They issued a "buy" rating and a $3.00 price target on the stock. Roth Capital upgraded shares of PLBY Group to a "strong-buy" rating in a research report on Friday, January 31st.

About PLBY Group

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.