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

PLBY Group, Inc. (NASDAQ:PLBY) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 2,930,000 shares, a decline of 23.3% from the October 31st total of 3,820,000 shares. Based on an average daily trading volume, of 2,770,000 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and set a $0.70 target price (down from $1.50) on shares of PLBY Group in a research report on Friday, August 9th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PLBY Group stock. Vanguard Group Inc. grew its position in PLBY Group, Inc. (NASDAQ:PLBY) by 4.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,441,683 shares of the company’s stock after acquiring an additional 95,362 shares during the period. Vanguard Group Inc. owned 3.35% of PLBY Group worth $2,564,000 as of its most recent filing with the SEC. Institutional investors own 32.46% of the company’s stock.

PLBY Group Price Performance

PLBY stock traded up $0.09 during mid-day trading on Friday, hitting $1.38. The stock had a trading volume of 568,838 shares, compared to its average volume of 1,339,594. PLBY Group has a 52 week low of $0.52 and a 52 week high of $1.55. The firm has a market capitalization of $123.63 million, a P/E ratio of -1.44 and a beta of 2.26. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49. The firm has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $0.82.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.32). PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. The business had revenue of $12.86 million during the quarter.

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.