MYT Netherlands Parent B.V. (NYSE:MYTE) Short Interest Down 39.0% in December

MYT Netherlands Parent B.V. (NYSE:MYTE) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 120,800 shares, a decline of 39.0% from the November 30th total of 197,900 shares. Based on an average daily trading volume, of 405,100 shares, the days-to-cover ratio is presently 0.3 days.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYTE opened at $7.19 on Friday. The firm has a market cap of $613.06 million, a price-to-earnings ratio of -15.98 and a beta of 1.01. The company’s fifty day moving average is $6.76 and its 200-day moving average is $5.28. The company has a quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. MYT Netherlands Parent B.V. has a 12 month low of $2.41 and a 12 month high of $8.24.

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

Several hedge funds have recently bought and sold shares of the business. Luxor Capital Group LP lifted its position in shares of MYT Netherlands Parent B.V. by 591.8% in the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock worth $1,207,000 after buying an additional 202,379 shares during the last quarter. Avalon Global Asset Management LLC raised its stake in shares of 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 valued at $3,570,000 after acquiring an additional 90,000 shares in the last quarter. Finally, Portolan Capital Management LLC boosted its position in 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 purchasing an additional 422,942 shares during the period. 10.07% of the stock is owned by institutional investors and hedge funds.

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.