Short Interest in PLBY Group, Inc. (NASDAQ:PLBY) Rises By 40.5%

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,849,932 shares, a growth of 40.5% from the January 29th total of 1,316,328 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 3,299,543 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 3,299,543 shares, the short-interest ratio is presently 0.6 days. Currently, 2.8% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, PLBY Group currently has a consensus rating of “Sell”.

PLBY Group Trading Down 2.1%

PLBY stock traded down $0.04 during midday trading on Tuesday, reaching $1.83. The company’s stock had a trading volume of 722,723 shares, compared to its average volume of 2,078,426. The business’s 50-day simple moving average is $1.88 and its 200-day simple moving average is $1.72. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 46.45. PLBY Group has a 52 week low of $0.90 and a 52 week high of $2.75. The stock has a market cap of $197.20 million, a PE ratio of -5.55 and a beta of 2.60.

Institutional Trading of PLBY Group

Large investors have recently made changes to their positions in the company. Fortress Investment Group LLC lifted its holdings in 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 in the last quarter. Crcm LP raised its position in shares of PLBY Group by 154.2% during the fourth quarter. Crcm LP now owns 3,689,452 shares of the company’s stock worth $6,936,000 after purchasing an additional 2,238,296 shares during the period. Bbfit Investments PTE Ltd. bought a new position in shares of PLBY Group during the 4th quarter valued at about $2,297,000. Marshall Wace LLP acquired a new position in shares of PLBY Group in the 4th quarter valued at approximately $1,169,000. Finally, 683 Capital Management LLC bought a new stake in PLBY Group during the 4th quarter worth approximately $492,000. Institutional investors own 32.46% of the company’s stock.

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.