PLBY Group, Inc. (NASDAQ:PLBY) Sees Significant Increase in Short Interest

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,760,000 shares, a growth of 17.5% from the August 15th total of 3,200,000 shares. Based on an average daily volume of 314,500 shares, the days-to-cover ratio is currently 12.0 days.

PLBY Group Stock Performance

Shares of PLBY stock traded up $0.02 during trading on Monday, reaching $0.72. 461,816 shares of the company’s stock were exchanged, compared to its average volume of 457,440. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 12.49. The stock has a market capitalization of $52.49 million, a PE ratio of -0.32 and a beta of 2.37. PLBY Group has a twelve month low of $0.43 and a twelve month high of $1.55. The firm’s fifty day moving average price is $0.70 and its 200-day moving average price is $0.84.

PLBY Group (NASDAQ:PLBY) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.10). The business had revenue of $24.89 million for the quarter. PLBY Group had a negative return on equity of 170.26% and a negative net margin of 41.26%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other PLBY Group news, CEO Bernhard L. Kohn III sold 71,323 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $0.56, for a total transaction of $39,940.88. Following the transaction, the chief executive officer now owns 2,590,023 shares of the company’s stock, valued at approximately $1,450,412.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PLBY Group news, General Counsel Christopher Riley sold 46,348 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $0.63, for a total transaction of $29,199.24. Following the transaction, the general counsel now owns 696,594 shares of the company’s stock, valued at approximately $438,854.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bernhard L. Kohn III sold 71,323 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $0.56, for a total value of $39,940.88. Following the transaction, the chief executive officer now directly owns 2,590,023 shares in the company, valued at approximately $1,450,412.88. The disclosure for this sale can be found here. Insiders have sold 253,932 shares of company stock valued at $154,950 in the last 90 days. 29.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PLBY Group stock. Vanguard Group Inc. raised its position in PLBY Group, Inc. (NASDAQ:PLBY) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,441,683 shares of the company’s stock after buying an additional 95,362 shares during the quarter. Vanguard Group Inc. owned 3.35% of PLBY Group worth $2,564,000 at the end of the most recent reporting period. 32.46% of the stock is owned by institutional investors and hedge funds.

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.