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

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of 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.

PLBY Group Price Performance

Shares of PLBY stock traded up $0.02 on Monday, hitting $0.72. 461,816 shares of the company’s stock were exchanged, compared to its average volume of 457,440. The company has a debt-to-equity ratio of 12.49, a current ratio of 0.90 and a quick ratio of 0.70. PLBY Group has a 12 month low of $0.43 and a 12 month high of $1.55. The stock has a market cap of $52.49 million, a P/E ratio of -0.32 and a beta of 2.37. The company has a 50 day moving average of $0.70 and a 200 day moving average of $0.84.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at PLBY Group

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

Institutional Trading of PLBY Group

A hedge fund recently raised its stake in PLBY Group stock. Sfmg LLC increased its holdings in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 37.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 411,000 shares of the company’s stock after buying an additional 111,000 shares during the quarter. Sfmg LLC owned 0.56% of PLBY Group worth $319,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 32.46% of the company’s stock.

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.