Short Interest in PLBY Group, Inc. (NASDAQ:PLBY) Declines By 20.3%

PLBY Group, Inc. (NASDAQ:PLBY) saw a large decline in short interest in the month of 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. Based on an average daily volume of 747,100 shares, the days-to-cover ratio is currently 3.0 days. Currently, 3.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PLBY shares. Roth Capital upgraded PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm initiated coverage on PLBY Group in a research note on Friday, January 31st. They set a “buy” rating and a $3.00 price target for the company.

PLBY Group Stock Down 2.8 %

PLBY Group stock opened at $1.06 on Monday. PLBY Group has a 1-year low of $0.52 and a 1-year high of $2.44. The firm has a 50 day simple moving average of $1.59 and a 200 day simple moving average of $1.31. 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 market capitalization of $99.37 million, a price-to-earnings ratio of -1.10 and a beta of 2.32.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $33.49 million for the quarter, compared to the consensus estimate of $13.40 million. On average, analysts predict that PLBY Group will post -1.01 earnings per share for the current year.

Hedge Funds Weigh In On PLBY Group

A number of large investors have recently modified their holdings of PLBY. Sfmg LLC lifted its stake in PLBY Group by 21.7% in the 3rd quarter. Sfmg LLC now owns 500,000 shares of the company’s stock worth $379,000 after purchasing an additional 89,000 shares in the last quarter. J2 Capital Management Inc purchased a new stake in shares of PLBY Group in the fourth quarter worth $43,000. Crcm LP bought a new stake in PLBY Group during the fourth quarter valued at $4,489,000. Virtu Financial LLC purchased a new position in PLBY Group in the 4th quarter worth approximately $72,000. Finally, Headlands Technologies LLC bought a new position in shares of PLBY Group in the 4th quarter worth $114,000. 32.46% of the stock is currently owned by institutional investors.

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.