PLBY Group, Inc. (NASDAQ:PLBY) Short Interest Up 40.4% in February

PLBY Group, Inc. (NASDAQ:PLBY) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,920,000 shares, a growth of 40.4% from the January 31st total of 2,080,000 shares. Based on an average trading volume of 762,200 shares, the days-to-cover ratio is presently 3.8 days.

PLBY Group Price Performance

Shares of PLBY traded down $0.10 during trading hours on Tuesday, hitting $1.35. The stock had a trading volume of 1,928,433 shares, compared to its average volume of 821,697. The company’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.23. The company has a debt-to-equity ratio of 12.49, a current ratio of 1.44 and a quick ratio of 1.44. PLBY Group has a 52 week low of $0.52 and a 52 week high of $2.44. The stock has a market capitalization of $126.54 million, a price-to-earnings ratio of -1.41 and a beta of 2.28.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PLBY shares. Roth Capital raised shares of PLBY Group to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm began 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. acquired a new position in PLBY Group during the 4th quarter worth about $26,000. Tower Research Capital LLC TRC acquired a new position in PLBY Group during the 4th quarter worth about $41,000. J2 Capital Management Inc acquired a new position in PLBY Group during the 4th quarter valued at about $43,000. Squarepoint Ops LLC acquired a new position in PLBY Group during the 4th quarter valued at about $50,000. Finally, BNP Paribas Financial Markets acquired a new position in PLBY Group during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 32.46% of the company’s stock.

PLBY Group Company Profile

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.