MYT Netherlands Parent B.V. (NYSE:MYTE) Short Interest Update

MYT Netherlands Parent B.V. (NYSE:MYTE) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 263,700 shares, an increase of 134.2% from the February 13th total of 112,600 shares. Based on an average trading volume of 188,700 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in MYT Netherlands Parent B.V. by 9,153.3% in 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. purchased a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter worth about $80,000. XTX Topco Ltd purchased a new position in MYT Netherlands Parent B.V. during the 4th quarter valued at about $96,000. BNP Paribas Financial Markets bought a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth about $106,000. Finally, Coronation Fund Managers Ltd. bought a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth about $124,000. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Trading Up 3.7 %

MYTE traded up $0.31 during midday trading on Friday, reaching $8.79. 184,119 shares of the company’s stock traded hands, compared to its average volume of 172,990. The firm has a fifty day moving average of $9.66 and a two-hundred day moving average of $7.24. The stock has a market capitalization of $749.49 million, a price-to-earnings ratio of -20.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. MYT Netherlands Parent B.V. has a 52 week low of $3.13 and a 52 week high of $12.50.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results 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%. On average, equities analysts anticipate that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.