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

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,388,775 shares, a drop of 20.8% from the December 31st total of 1,753,943 shares. Based on an average daily trading volume, of 357,588 shares, the short-interest ratio is presently 3.9 days. Approximately 2.1% of the company’s shares are short sold. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 357,588 shares, the short-interest ratio is presently 3.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, PLBY Group presently has an average rating of “Sell”.

PLBY Group Stock Performance

Shares of NASDAQ:PLBY traded down $0.04 on Friday, reaching $1.51. 311,975 shares of the company’s stock were exchanged, compared to its average volume of 350,831. The business’s 50-day moving average is $1.87 and its two-hundred day moving average is $1.69. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 46.45. PLBY Group has a fifty-two week low of $0.90 and a fifty-two week high of $2.53. The firm has a market capitalization of $162.72 million, a price-to-earnings ratio of -4.58 and a beta of 2.62.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $28.99 million for the quarter, compared to analyst estimates of $29.51 million. As a group, equities research analysts forecast that PLBY Group will post -1.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Tracey E. Edmonds sold 75,000 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $1.65, for a total value of $123,750.00. Following the transaction, the director owned 215,010 shares of the company’s stock, valued at approximately $354,766.50. This trade represents a 25.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 38.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fortress Investment Group LLC lifted its stake in PLBY Group by 183.6% during the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after purchasing an additional 10,740,578 shares during the last quarter. Crcm LP raised its holdings in shares of PLBY Group by 105.4% during the 3rd quarter. Crcm LP now owns 1,451,156 shares of the company’s stock worth $2,133,000 after buying an additional 744,536 shares in the last quarter. XTX Topco Ltd lifted its position in shares of PLBY Group by 192.4% during the 2nd quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock worth $201,000 after buying an additional 81,792 shares during the last quarter. Millennium Management LLC boosted its stake in PLBY Group by 63.4% in the third quarter. Millennium Management LLC now owns 138,200 shares of the company’s stock valued at $203,000 after buying an additional 53,646 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in PLBY Group in the third quarter valued at about $56,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

PLBY Group Company Profile

PLBY Group, Inc is a global media and lifestyle company best known for its iconic Playboy brand. The company operates across multiple business segments, including consumer products, licensing, subscription commerce, sexual wellness and digital offerings. Through its diversified portfolio, PLBY Group brings its signature aesthetic and brand heritage to categories such as apparel, accessories, gaming, beverages, home goods and intimate lifestyle products.

In the consumer products segment, PLBY Group designs and markets a range of branded goods under licensing agreements with major retailers and distributors worldwide.