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

MYT Netherlands Parent B.V. (NYSE:MYTE) was the recipient of a significant increase in short interest in 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 daily trading volume, of 179,800 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Ratings Changes

Separately, TD Cowen raised MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.

MYT Netherlands Parent B.V. Price Performance

Shares of MYTE stock opened at $7.76 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The company has a market capitalization of $661.66 million, a PE ratio of -18.05 and a beta of 0.96. The firm’s 50-day moving average is $9.62 and its two-hundred day moving average is $7.63. MYT Netherlands Parent B.V. has a 12 month low of $3.13 and a 12 month high of $12.50.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates 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%. Analysts predict that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. DJE Kapital AG purchased a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at approximately $15,667,000. Woodson Capital Management LP purchased a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $11,906,000. Capricorn Fund Managers Ltd purchased a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $4,225,000. CastleKnight Management LP lifted its stake in MYT Netherlands Parent B.V. by 286.8% during the fourth quarter. CastleKnight Management LP now owns 652,141 shares of the company’s stock worth $4,630,000 after purchasing an additional 483,541 shares in the last quarter. Finally, Portolan Capital Management LLC boosted its position in shares of 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 buying an additional 422,942 shares during the period. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.