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

MYT Netherlands Parent B.V. (NYSE:MYTE) was the target 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 179,800 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

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

Institutional Trading of MYT Netherlands Parent B.V.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in 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 valued at $30,000 after purchasing an additional 4,119 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at $80,000. XTX Topco Ltd bought a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at $96,000. BNP Paribas Financial Markets bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth about $106,000. Finally, Coronation Fund Managers Ltd. acquired a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at about $124,000. 10.07% of the stock is owned by institutional investors.

MYT Netherlands Parent B.V. Price Performance

MYTE stock traded up $0.20 during trading on Tuesday, hitting $7.76. 284,494 shares of the stock traded hands, compared to its average volume of 179,264. The stock has a market cap of $661.66 million, a price-to-earnings ratio of -18.05 and a beta of 0.96. MYT Netherlands Parent B.V. has a one year low of $3.13 and a one year high of $12.50. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $9.62 and a 200 day simple moving average of $7.63.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (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%. Equities analysts expect that MYT Netherlands Parent B.V. will post -0.39 EPS for the current fiscal year.

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.