MYT Netherlands Parent B.V. (NYSE:MYTE) Short Interest Update

MYT Netherlands Parent B.V. (NYSE:MYTE) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 216,500 shares, a drop of 42.1% from the October 31st total of 373,600 shares. Based on an average daily volume of 358,100 shares, the days-to-cover ratio is currently 0.6 days.

MYT Netherlands Parent B.V. Trading Down 0.9 %

NYSE MYTE traded down $0.06 on Thursday, hitting $6.72. 101,162 shares of the company were exchanged, compared to its average volume of 144,175. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26. MYT Netherlands Parent B.V. has a twelve month low of $2.41 and a twelve month high of $8.24. The firm has a market capitalization of $572.99 million, a P/E ratio of -14.93 and a beta of 0.98. The company’s 50 day moving average price is $6.12 and its 200-day moving average price is $5.04.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). The firm had revenue of $240.24 million for the quarter, compared to analyst estimates of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.24%. During the same quarter in the prior year, the firm earned ($0.07) EPS. Analysts predict that MYT Netherlands Parent B.V. will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of MYT Netherlands Parent B.V.

Large investors have recently added to or reduced their stakes in the company. Portolan Capital Management LLC boosted its position in shares of MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after buying an additional 422,942 shares during the period. Avalon Global Asset Management LLC lifted its stake in MYT Netherlands Parent B.V. by 14.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after acquiring an additional 90,000 shares in the last quarter. Finally, Luxor Capital Group LP boosted its position in MYT Netherlands Parent B.V. by 94.3% during the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after acquiring an additional 223,013 shares during the period. 10.07% of the stock is owned by institutional investors and hedge funds.

About MYT Netherlands Parent B.V.

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.