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

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 75,900 shares, a decrease of 37.2% from the December 15th total of 120,800 shares. Based on an average trading volume of 207,300 shares, the short-interest ratio is presently 0.4 days.

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

Large investors have recently bought and sold shares of the business. Luxor Capital Group LP increased its holdings 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 acquiring an additional 202,379 shares during the period. Avalon Global Asset Management LLC grew its position 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 purchasing an additional 90,000 shares during the last quarter. Finally, Portolan Capital Management LLC increased its stake 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 purchasing an additional 422,942 shares during the period. Institutional investors own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYT Netherlands Parent B.V. stock traded down $0.18 during trading hours on Tuesday, reaching $7.37. The company's stock had a trading volume of 98,416 shares, compared to its average volume of 67,795. MYT Netherlands Parent B.V. has a one year low of $2.41 and a one year high of $8.24. The company's 50 day simple moving average is $6.88 and its 200 day simple moving average is $5.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95. The stock has a market cap of $628.41 million, a P/E ratio of -16.38 and a beta of 0.97.

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.