MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Large Decrease in Short Interest

Posted by Erica Schwartz on Nov 28th, 2024

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Free Report) was the target of a large drop in short interest during the month of 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 short-interest ratio is currently 0.6 days.

MYT Netherlands Parent B.V. Stock Performance

MYTE traded down $0.06 during trading on Thursday, reaching $6.72. 101,162 shares of the company were exchanged, compared to its average volume of 144,175. MYT Netherlands Parent B.V. has a 52 week low of $2.41 and a 52 week high of $8.24. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $6.12 and a 200 day moving average of $5.04. The stock has a market cap of $572.99 million, a P/E ratio of -14.93 and a beta of 0.98.

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Free Report) last posted its earnings results on Thursday, September 12th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.24%. The business had revenue of $240.24 million during the quarter, compared to analyst estimates of $248.12 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, sell-side analysts forecast that MYT Netherlands Parent B.V. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

A number of institutional investors have recently added to or reduced their stakes in MYTE. Luxor Capital Group LP raised its stake in shares of MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock worth $1,207,000 after buying an additional 202,379 shares in the last quarter. Avalon Global Asset Management LLC boosted its stake in MYT Netherlands Parent B.V. by 14.8% during the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after buying an additional 90,000 shares in the last quarter. Finally, Portolan Capital Management LLC grew its holdings in MYT Netherlands Parent B.V. by 30.6% during the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after acquiring an additional 422,942 shares during the period. 10.07% of the stock is currently owned by institutional investors and hedge funds.

About MYT Netherlands Parent B.V.

(Get Free Report)

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.