PLBY Group, Inc. (NASDAQ:PLBY) Sees Large Decline in Short Interest

PLBY Group, Inc. (NASDAQ:PLBY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 2,280,000 shares, a drop of 16.2% from the November 30th total of 2,720,000 shares. Based on an average daily volume of 2,940,000 shares, the days-to-cover ratio is currently 0.8 days.

PLBY Group Price Performance

PLBY Group stock traded down $0.08 during mid-day trading on Friday, hitting $1.50. 336,714 shares of the company traded hands, compared to its average volume of 1,098,567. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. PLBY Group has a one year low of $0.52 and a one year high of $1.99. The stock has a market cap of $134.38 million, a price-to-earnings ratio of -1.56 and a beta of 2.29. The stock has a fifty day moving average price of $1.28 and a 200-day moving average price of $0.92.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $12.86 million for the quarter.

Hedge Funds Weigh In On PLBY Group

A hedge fund recently raised its stake in PLBY Group stock. Sfmg LLC boosted its position in PLBY Group, Inc. (NASDAQ:PLBY) by 21.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 0.56% of PLBY Group worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 32.46% of the stock is currently owned by institutional investors and hedge funds.

About PLBY Group

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.