MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 120,800 shares, a decrease of 39.0% from the November 30th total of 197,900 shares. Based on an average daily volume of 405,100 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
Institutional investors have recently modified their holdings of the company. Portolan Capital Management LLC grew its holdings 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 valued at $6,880,000 after acquiring an additional 422,942 shares in the last quarter. Avalon Global Asset Management LLC boosted its position in MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company's stock worth $3,570,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Luxor Capital Group LP grew its stake in MYT Netherlands Parent B.V. by 94.3% in the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company's stock valued at $1,751,000 after purchasing an additional 223,013 shares during the period. 10.07% of the stock is owned by institutional investors and hedge funds.
MYT Netherlands Parent B.V. Trading Down 1.8 %
Shares of MYTE stock traded down $0.13 during trading hours on Friday, hitting $7.06. 23,924 shares of the company were exchanged, compared to its average volume of 147,800. The firm has a market cap of $601.98 million, a P/E ratio of -15.69 and a beta of 1.01. MYT Netherlands Parent B.V. has a fifty-two week low of $2.41 and a fifty-two week high of $8.24. The company has a 50 day simple moving average of $6.75 and a two-hundred day simple moving average of $5.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95.
About MYT Netherlands Parent B.V.
(
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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.
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