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

PLBY Group, Inc. (NASDAQ:PLBY) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 2,670,000 shares, a decline of 23.1% from the May 31st total of 3,470,000 shares. Based on an average daily trading volume, of 379,200 shares, the short-interest ratio is presently 7.0 days.

Insider Transactions at PLBY Group

In other PLBY Group news, CFO Marc Crossman sold 56,235 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $0.87, for a total transaction of $48,924.45. Following the completion of the sale, the chief financial officer now directly owns 266,667 shares in the company, valued at approximately $232,000.29. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 193,532 shares of company stock worth $169,644. Corporate insiders own 29.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kure Advisory LLC bought a new position in shares of PLBY Group during the fourth quarter worth $69,000. P.A.W. Capital Corp lifted its stake in PLBY Group by 233.3% in the 4th quarter. P.A.W. Capital Corp now owns 200,000 shares of the company’s stock worth $200,000 after purchasing an additional 140,000 shares in the last quarter. Sfmg LLC boosted its holdings in shares of PLBY Group by 65.0% during the 4th quarter. Sfmg LLC now owns 330,000 shares of the company’s stock valued at $330,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of PLBY Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 2,441,683 shares of the company’s stock valued at $2,564,000 after purchasing an additional 95,362 shares in the last quarter. 32.46% of the stock is currently owned by institutional investors.

PLBY Group Price Performance

Shares of PLBY traded down $0.02 during trading hours on Friday, reaching $0.78. 332,867 shares of the stock traded hands, compared to its average volume of 243,314. The company has a quick ratio of 1.00, a current ratio of 1.19 and a debt-to-equity ratio of 6.53. The company’s 50-day moving average price is $0.91 and its two-hundred day moving average price is $0.99. PLBY Group has a 52-week low of $0.43 and a 52-week high of $2.01.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.23) EPS for the quarter. PLBY Group had a negative net margin of 124.32% and a negative return on equity of 135.78%. The business had revenue of $28.32 million during the quarter. During the same quarter last year, the firm earned ($0.52) EPS.

Wall Street Analyst Weigh In

Separately, Chardan Capital reaffirmed a “buy” rating and set a $4.00 price objective on shares of PLBY Group in a research report on Wednesday, May 8th.

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.