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

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,920,000 shares, a growth of 40.4% from the January 31st total of 2,080,000 shares. Based on an average trading volume of 762,200 shares, the short-interest ratio is presently 3.8 days.

Institutional Trading of PLBY Group

Several institutional investors and hedge funds have recently made changes to their positions in PLBY. Sfmg LLC increased its position in PLBY Group by 21.7% during the 3rd quarter. Sfmg LLC now owns 500,000 shares of the company’s stock valued at $379,000 after purchasing an additional 89,000 shares during the period. J2 Capital Management Inc purchased a new position in PLBY Group during the fourth quarter valued at approximately $43,000. Squarepoint Ops LLC bought a new position in PLBY Group in the fourth quarter worth approximately $50,000. Jane Street Group LLC purchased a new stake in PLBY Group during the fourth quarter worth $115,000. Finally, BNP Paribas Financial Markets bought a new stake in PLBY Group during the 4th quarter valued at $58,000. 32.46% of the stock is currently owned by institutional investors.

PLBY Group Stock Down 0.4 %

NASDAQ PLBY traded down $0.01 on Wednesday, reaching $1.35. 258,959 shares of the stock traded hands, compared to its average volume of 808,140. PLBY Group has a 12 month low of $0.52 and a 12 month high of $2.44. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. The company has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.23. The company has a market cap of $126.07 million, a price-to-earnings ratio of -1.40 and a beta of 2.28.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Roth Capital upgraded PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm assumed coverage on shares of PLBY Group in a research note on Friday, January 31st. They issued a “buy” rating and a $3.00 price target on the 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.