Short Interest in PLBY Group, Inc. (NASDAQ:PLBY) Declines By 23.1%

PLBY Group, Inc. (NASDAQ:PLBY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,670,000 shares, a decline of 23.1% from the May 31st total of 3,470,000 shares. Based on an average daily trading volume, of 379,200 shares, the days-to-cover ratio is presently 7.0 days.

Insider Buying and Selling at PLBY Group

In related news, CFO Marc Crossman sold 56,235 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $0.87, for a total value of $48,924.45. Following the completion of the sale, the chief financial officer now owns 266,667 shares in the company, valued at $232,000.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 193,532 shares of company stock valued at $169,644. 29.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently modified their holdings of the company. P.A.W. Capital Corp boosted its stake in PLBY Group by 233.3% in the 4th quarter. P.A.W. Capital Corp now owns 200,000 shares of the company’s stock worth $200,000 after buying an additional 140,000 shares during the last quarter. Sfmg LLC raised its stake in PLBY Group by 65.0% during the fourth quarter. Sfmg LLC now owns 330,000 shares of the company’s stock worth $330,000 after purchasing an additional 130,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PLBY Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 2,441,683 shares of the company’s stock valued at $2,564,000 after purchasing an additional 95,362 shares during the last quarter. Finally, Kure Advisory LLC purchased a new stake in shares of PLBY Group during the 4th quarter valued at $69,000. Hedge funds and other institutional investors own 32.46% of the company’s stock.

PLBY Group Price Performance

PLBY stock traded down $0.02 on Friday, reaching $0.78. The company had a trading volume of 332,867 shares, compared to its average volume of 243,314. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.19 and a quick ratio of 1.00. The company’s fifty day moving average is $0.91 and its 200 day moving average is $0.99. PLBY Group has a 1 year low of $0.43 and a 1 year high of $2.01.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $28.32 million during the quarter. PLBY Group had a negative net margin of 124.32% and a negative return on equity of 135.78%. During the same quarter in the prior year, the company earned ($0.52) EPS.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital reissued a “buy” rating and issued a $4.00 price objective on shares of PLBY Group in a research note on Wednesday, May 8th.

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.