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

Key Points

• Short interest fell 23.9% in March to 1,512,234 shares, equal to 2.1% of the float and a 2.6 days-to-cover ratio based on average daily volume.
• PLBY reported Q1 EPS of $0.03 (in line with estimates) and revenue of $34.91M (above consensus), yet analysts expect a -1.01 FY EPS and the consensus rating is "Sell".
• Shares trade near recent lows (opened at $1.57) with a market cap of about $180M, a 52-week range of $0.90–$2.75, and a high debt-to-equity ratio of 9.40.

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) saw 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 days-to-cover ratio is currently 2.6 days. Currently, 2.1% of the shares of the stock are sold short.

PLBY Group Stock Down 3.1%

PLBY opened at $1.57 on Friday. The business's fifty day simple moving average is $1.84 and its 200 day simple moving average is $1.72. 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. The stock has a market cap of $180.33 million, a PE ratio of -10.47 and a beta of 2.60.

PLBY Group (NASDAQ:PLBY - Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $34.91 million for the quarter, compared to the consensus estimate of $33.52 million. As a group, research analysts expect that PLBY Group will post -1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLBY. Engineers Gate Manager LP raised its stake in shares of PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company's stock worth $37,000 after acquiring an additional 8,390 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of PLBY Group in the 2nd quarter valued at $41,000. Balyasny Asset Management L.P. bought a new position in shares of PLBY Group during the 4th quarter valued at $60,000. Jones Financial Companies Lllp raised its position in PLBY Group by 7,468.3% in the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock worth $36,000 after purchasing an additional 32,263 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in PLBY Group in the 2nd quarter worth $54,000. 32.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of PLBY Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

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.

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