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

PLBY Group, Inc. (NASDAQ:PLBY) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,920,000 shares, a growth of 40.4% from the January 31st total of 2,080,000 shares. Based on an average daily trading volume, of 762,200 shares, the days-to-cover ratio is currently 3.8 days.

Analysts Set New Price Targets

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

PLBY Group Trading Down 6.5 %

Shares of NASDAQ PLBY traded down $0.10 during midday trading on Monday, hitting $1.45. The stock had a trading volume of 820,553 shares, compared to its average volume of 794,031. The company has a fifty day moving average price of $1.71 and a 200 day moving average price of $1.22. The company has a market capitalization of $135.92 million, a price-to-earnings ratio of -1.51 and a beta of 2.28. PLBY Group has a 1-year low of $0.52 and a 1-year high of $2.44. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sfmg LLC raised its stake in shares of PLBY Group by 21.7% in the 3rd quarter. Sfmg LLC now owns 500,000 shares of the company’s stock valued at $379,000 after acquiring an additional 89,000 shares during the period. J2 Capital Management Inc acquired a new stake in PLBY Group in the 4th quarter valued at $43,000. Squarepoint Ops LLC purchased a new position in PLBY Group in the fourth quarter valued at about $50,000. Jane Street Group LLC acquired a new position in shares of PLBY Group during the fourth quarter worth about $115,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of PLBY Group in the fourth quarter worth about $58,000. 32.46% of the stock is owned by institutional investors and hedge funds.

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.