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

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 364,500 shares, an increase of 38.2% from the February 28th total of 263,700 shares. Approximately 0.4% of the company's shares are short sold. Based on an average trading volume of 179,800 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and boosted their target price for the stock from $13.00 to $14.00 in a report on Monday, March 3rd.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in shares of MYT Netherlands Parent B.V. by 9,153.3% during the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock worth $30,000 after purchasing an additional 4,119 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in MYT Netherlands Parent B.V. in the 4th quarter worth $80,000. XTX Topco Ltd purchased a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at about $96,000. BNP Paribas Financial Markets acquired a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at about $106,000. Finally, Coronation Fund Managers Ltd. purchased a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter worth about $124,000. Hedge funds and other institutional investors own 10.07% of the company's stock.

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MYT Netherlands Parent B.V. Trading Down 4.9 %

Shares of MYT Netherlands Parent B.V. stock traded down $0.34 during trading hours on Friday, hitting $6.56. The company's stock had a trading volume of 335,860 shares, compared to its average volume of 182,379. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $559.34 million, a PE ratio of -15.26 and a beta of 1.08. The business has a fifty day moving average of $9.48 and a 200 day moving average of $7.65. MYT Netherlands Parent B.V. has a 1-year low of $3.18 and a 1-year high of $12.50.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 5.88% and a negative net margin of 3.98%. As a group, equities analysts forecast that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.

MYT Netherlands Parent B.V. Company Profile

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.