PLBY Group, Inc. (NASDAQ:PLBY) Sees Large Decrease in Short Interest

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

Institutional Investors Weigh In On PLBY Group

Several hedge funds have recently bought and sold shares of the stock. Balyasny Asset Management L.P. bought a new stake in shares of PLBY Group during the 4th quarter worth $26,000. Tower Research Capital LLC TRC purchased a new position in shares of PLBY Group in the 4th quarter worth about $41,000. J2 Capital Management Inc bought a new position in shares of PLBY Group during the 4th quarter valued at about $43,000. Squarepoint Ops LLC purchased a new position in shares of PLBY Group during the 4th quarter valued at about $50,000. Finally, BNP Paribas Financial Markets bought a new stake in PLBY Group in the 4th quarter worth approximately $58,000. 32.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on PLBY shares. Roth Capital raised PLBY Group to a “strong-buy” rating in a 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.

PLBY Group Price Performance

Shares of PLBY stock traded up $0.01 on Wednesday, reaching $1.12. The company’s stock had a trading volume of 177,014 shares, compared to its average volume of 1,107,112. PLBY Group has a 12-month low of $0.52 and a 12-month high of $2.44. The stock’s 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49. The company has a market capitalization of $105.00 million, a P/E ratio of -1.17 and a beta of 2.32.

PLBY Group (NASDAQ:PLBY) last released its quarterly 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 net margin of 66.97% and a negative return on equity of 406.14%. The business had revenue of $33.49 million during the quarter, compared to analysts’ expectations of $13.40 million. As a group, equities analysts predict that PLBY Group will post -1.01 earnings per share for the current fiscal year.

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.