PLBY Group, Inc. (NASDAQ:PLBY) Short Interest Up 17.5% in August

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 3,760,000 shares, an increase of 17.5% from the August 15th total of 3,200,000 shares. Based on an average trading volume of 314,500 shares, the days-to-cover ratio is currently 12.0 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating and set a $0.70 price target (down from $1.50) on shares of PLBY Group in a report on Friday, August 9th.

Insiders Place Their Bets

In other PLBY Group news, CEO Bernhard L. Kohn III sold 71,323 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $0.56, for a total transaction of $39,940.88. Following the completion of the transaction, the chief executive officer now owns 2,590,023 shares of the company’s stock, valued at $1,450,412.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other PLBY Group news, CEO Bernhard L. Kohn III sold 69,871 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $0.62, for a total transaction of $43,320.02. Following the completion of the transaction, the chief executive officer now owns 2,740,676 shares of the company’s stock, valued at $1,699,219.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bernhard L. Kohn III sold 71,323 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $0.56, for a total value of $39,940.88. Following the transaction, the chief executive officer now directly owns 2,590,023 shares of the company’s stock, valued at approximately $1,450,412.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 253,932 shares of company stock valued at $154,950. 29.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PLBY Group

A hedge fund recently raised its stake in PLBY Group stock. Vanguard Group Inc. boosted its stake in PLBY Group, Inc. (NASDAQ:PLBY) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,441,683 shares of the company’s stock after acquiring an additional 95,362 shares during the period. Vanguard Group Inc. owned 3.35% of PLBY Group worth $2,564,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

PLBY Group Trading Up 3.0 %

Shares of NASDAQ:PLBY traded up $0.02 during midday trading on Monday, hitting $0.72. 461,816 shares of the stock were exchanged, compared to its average volume of 457,440. The stock has a market capitalization of $52.49 million, a price-to-earnings ratio of -0.32 and a beta of 2.37. The company has a debt-to-equity ratio of 12.49, a quick ratio of 0.70 and a current ratio of 0.90. The business’s 50-day moving average price is $0.70 and its 200 day moving average price is $0.84. PLBY Group has a 12 month low of $0.43 and a 12 month high of $1.55.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.10). The firm had revenue of $24.89 million for the quarter. PLBY Group had a negative return on equity of 170.26% and a negative net margin of 41.26%.

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.