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

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

Analysts Set New Price Targets

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

PLBY Group Stock Up 3.3 %

Shares of NASDAQ:PLBY traded up $0.02 during midday trading on Tuesday, reaching $0.75. The company had a trading volume of 30,247 shares, compared to its average volume of 455,057. PLBY Group has a 1-year low of $0.43 and a 1-year high of $1.55. The stock has a market cap of $54.24 million, a PE ratio of -0.32 and a beta of 2.37. 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 business’s 50 day moving average price is $0.70 and its 200 day moving average price is $0.84.

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

Insider Activity

In related news, CEO Bernhard L. Kohn III sold 66,390 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $0.64, for a total transaction of $42,489.60. Following the completion of the sale, the chief executive officer now owns 2,810,547 shares in the company, valued at approximately $1,798,750.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other PLBY Group news, CEO Bernhard L. Kohn III sold 66,390 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $0.64, for a total value of $42,489.60. Following the completion of the sale, the chief executive officer now directly owns 2,810,547 shares in the company, valued at $1,798,750.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Christopher Riley sold 46,348 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $0.63, for a total value of $29,199.24. Following the sale, the general counsel now directly owns 696,594 shares of the company’s stock, valued at $438,854.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,932 shares of company stock worth $154,950. 29.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PLBY Group stock. Sfmg LLC boosted its stake in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 37.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 411,000 shares of the company’s stock after purchasing an additional 111,000 shares during the period. Sfmg LLC owned 0.56% of PLBY Group worth $319,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.