PLBY Group, Inc. (NASDAQ:PLBY) Short Interest Update

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

PLBY Group Stock Down 6.5 %

Shares of PLBY Group stock traded down $0.10 during trading on Monday, reaching $1.45. The company had a trading volume of 820,553 shares, compared to its average volume of 794,031. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. PLBY Group has a fifty-two week low of $0.52 and a fifty-two week high of $2.44. The firm’s fifty day moving average is $1.71 and its 200-day moving average is $1.22. The company has a market cap of $135.92 million, a price-to-earnings ratio of -1.51 and a beta of 2.28.

Analyst Ratings Changes

A number of brokerages recently commented on PLBY. Roth Mkm began coverage on PLBY Group in a report on Friday, January 31st. They issued a “buy” rating and a $3.00 price target for the company. Roth Capital upgraded PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st.

Institutional Trading of PLBY Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Crcm LP acquired a new position in shares of PLBY Group in the 4th quarter worth approximately $4,489,000. Geode Capital Management LLC boosted its holdings in PLBY Group by 29.8% in the fourth quarter. Geode Capital Management LLC now owns 719,299 shares of the company’s stock worth $1,050,000 after purchasing an additional 165,092 shares during the period. Sfmg LLC increased its stake in PLBY Group by 21.7% during the third 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 last quarter. Renaissance Technologies LLC increased its stake in PLBY Group by 2,004.2% during the fourth quarter. Renaissance Technologies LLC now owns 265,126 shares of the company’s stock valued at $387,000 after purchasing an additional 252,526 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of PLBY Group during the fourth quarter worth $281,000. Institutional investors and hedge funds 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.