PLBY Group, Inc. (NASDAQ:PLBY) Short Interest Down 23.9% in March

PLBY Group, Inc. (NASDAQ:PLBY) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,512,234 shares, a decline of 23.9% from the February 26th total of 1,987,377 shares. Based on an average daily volume of 571,906 shares, the short-interest ratio is presently 2.6 days. Approximately 2.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

PLBY Group Stock Up 3.4%

Shares of PLBY traded up $0.05 during midday trading on Tuesday, hitting $1.52. The company had a trading volume of 993,874 shares, compared to its average volume of 1,128,967. The company’s 50 day moving average price is $1.83 and its 200 day moving average price is $1.72. The stock has a market cap of $174.59 million, a price-to-earnings ratio of -10.13 and a beta of 2.59. PLBY Group has a 52 week low of $0.90 and a 52 week high of $2.75. The company has a quick ratio of 0.82, a current ratio of 1.03 and a debt-to-equity ratio of 9.40.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $34.91 million for the quarter, compared to the consensus estimate of $33.52 million. On average, equities research analysts predict that PLBY Group will post -1.01 EPS for the current year.

Institutional Investors Weigh In On PLBY Group

A number of institutional investors have recently made changes to their positions in PLBY. Fortress Investment Group LLC grew its position in shares of PLBY Group by 183.6% during the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after acquiring an additional 10,740,578 shares during the last quarter. Crcm LP lifted its position in PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after purchasing an additional 2,238,296 shares during the last quarter. Bbfit Investments PTE Ltd. bought a new stake in PLBY Group in the 4th quarter valued at about $2,297,000. Marshall Wace LLP acquired a new position in PLBY Group during the 4th quarter valued at about $1,169,000. Finally, 683 Capital Management LLC acquired a new position in PLBY Group during the 4th quarter valued at about $492,000. 32.46% of the stock is currently owned by institutional investors.

About PLBY Group

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.