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

PLBY Group, Inc. (NASDAQ:PLBY) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 2,930,000 shares, a decrease 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 short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On PLBY Group

A hedge fund recently raised its stake in PLBY Group stock. Sfmg LLC lifted its position in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 21.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 500,000 shares of the company’s stock after buying an additional 89,000 shares during the quarter. Sfmg LLC owned about 0.56% of PLBY Group worth $379,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Analysts Set New Price Targets

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

PLBY Group Stock Performance

NASDAQ:PLBY traded up $0.09 on Friday, hitting $1.38. The company’s stock had a trading volume of 568,838 shares, compared to its average volume of 1,339,594. PLBY Group has a one year low of $0.52 and a one year high of $1.55. The firm has a market capitalization of $123.63 million, a P/E ratio of -1.44 and a beta of 2.26. The stock has a fifty day moving average of $0.93 and a two-hundred day moving average of $0.82. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49.

PLBY Group (NASDAQ:PLBY) last posted 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). PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. The business had revenue of $12.86 million during the quarter.

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.