PLBY Group, Inc. (NASDAQ:PLBY) Sees Significant Decrease in Short Interest

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,388,775 shares, a drop of 20.8% from the December 31st total of 1,753,943 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 357,588 shares, the short-interest ratio is presently 3.9 days. Based on an average daily volume of 357,588 shares, the short-interest ratio is presently 3.9 days. Currently, 2.1% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, Director Tracey E. Edmonds sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $1.65, for a total transaction of $123,750.00. Following the sale, the director directly owned 215,010 shares in the company, valued at approximately $354,766.50. This represents a 25.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 38.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Fortress Investment Group LLC boosted its holdings in shares of PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after purchasing an additional 10,740,578 shares during the last quarter. Vanguard Group Inc. raised its position in shares of PLBY Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock worth $3,953,000 after buying an additional 26,060 shares during the period. Crcm LP boosted its holdings in PLBY Group by 105.4% in the third quarter. Crcm LP now owns 1,451,156 shares of the company’s stock valued at $2,133,000 after acquiring an additional 744,536 shares during the last quarter. Millennium Management LLC grew its position in PLBY Group by 63.4% during the third quarter. Millennium Management LLC now owns 138,200 shares of the company’s stock valued at $203,000 after acquiring an additional 53,646 shares during the period. Finally, XTX Topco Ltd grew its position in PLBY Group by 192.4% during the second quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock valued at $201,000 after acquiring an additional 81,792 shares during the period. Hedge funds and other institutional investors own 32.46% of the company’s stock.

PLBY Group Price Performance

NASDAQ:PLBY traded down $0.04 during trading hours on Friday, hitting $1.51. The company’s stock had a trading volume of 311,975 shares, compared to its average volume of 350,831. PLBY Group has a 52-week low of $0.90 and a 52-week high of $2.53. The company has a debt-to-equity ratio of 46.45, a quick ratio of 0.78 and a current ratio of 0.92. The business’s 50-day moving average is $1.87 and its two-hundred day moving average is $1.69. The company has a market capitalization of $162.72 million, a PE ratio of -4.58 and a beta of 2.62.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $28.99 million for the quarter, compared to analyst estimates of $29.51 million. As a group, research analysts anticipate that PLBY Group will post -1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PLBY Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

PLBY Group Company Profile

PLBY Group, Inc is a global media and lifestyle company best known for its iconic Playboy brand. The company operates across multiple business segments, including consumer products, licensing, subscription commerce, sexual wellness and digital offerings. Through its diversified portfolio, PLBY Group brings its signature aesthetic and brand heritage to categories such as apparel, accessories, gaming, beverages, home goods and intimate lifestyle products.

In the consumer products segment, PLBY Group designs and markets a range of branded goods under licensing agreements with major retailers and distributors worldwide.