PLBY Group, Inc. (NASDAQ:PLBY) Short Interest Down 20.3% in March

PLBY Group, Inc. (NASDAQ:PLBY) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,240,000 shares, a decrease of 20.3% from the February 28th total of 2,810,000 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 747,100 shares, the days-to-cover ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Roth Capital upgraded shares of PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm initiated coverage on shares of PLBY Group in a report on Friday, January 31st. They set a “buy” rating and a $3.00 price target on the stock.

PLBY Group Stock Performance

NASDAQ:PLBY traded up $0.01 during trading on Wednesday, reaching $1.12. The company’s stock had a trading volume of 177,014 shares, compared to its average volume of 1,107,112. The firm has a market cap of $105.00 million, a price-to-earnings ratio of -1.17 and a beta of 2.32. 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 firm has a 50 day moving average of $1.56 and a 200-day moving average of $1.31.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. The company had revenue of $33.49 million during the quarter, compared to the consensus estimate of $13.40 million. Research analysts expect that PLBY Group will post -1.01 EPS for the current fiscal year.

Hedge Funds Weigh In On PLBY Group

Several institutional investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. bought a new stake in shares of PLBY Group in the fourth quarter valued at $26,000. Tower Research Capital LLC TRC bought a new stake in PLBY Group in the 4th quarter valued at about $41,000. J2 Capital Management Inc purchased a new stake in PLBY Group during the fourth quarter valued at about $43,000. Squarepoint Ops LLC bought a new position in PLBY Group during the fourth quarter worth about $50,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of PLBY Group in the fourth quarter worth about $58,000. 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.