PLBY Group, Inc. (NASDAQ:PLBY) Short Interest Down 23.3% in November

PLBY Group, Inc. (NASDAQ:PLBY) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,930,000 shares, a drop of 23.3% from the October 31st total of 3,820,000 shares. Based on an average daily trading volume, of 2,770,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PLBY Group stock. Sfmg LLC increased its position in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 21.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500,000 shares of the company’s stock after purchasing an additional 89,000 shares during the quarter. Sfmg LLC owned 0.56% of PLBY Group worth $379,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 32.46% of the company’s stock.

PLBY Group Stock Up 6.6 %

Shares of NASDAQ PLBY opened at $1.29 on Friday. PLBY Group has a 1 year low of $0.46 and a 1 year high of $1.55. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49. The stock’s 50-day simple moving average is $0.91 and its 200-day simple moving average is $0.82.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.32). The company had revenue of $12.86 million for the quarter. PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%.

Analyst Ratings Changes

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

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.