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

MYT Netherlands Parent B.V. (NYSE:MYTE) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 364,500 shares, a growth of 38.2% from the February 28th total of 263,700 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 179,800 shares, the short-interest ratio is presently 2.0 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of MYT Netherlands Parent B.V. by 9,153.3% in the 4th 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 in the last quarter. JPMorgan Chase & Co. acquired a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at $80,000. XTX Topco Ltd acquired a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at $96,000. BNP Paribas Financial Markets purchased a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth about $106,000. Finally, Coronation Fund Managers Ltd. acquired a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $124,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Trading Up 2.6 %

NYSE:MYTE opened at $7.76 on Wednesday. MYT Netherlands Parent B.V. has a 12-month low of $3.13 and a 12-month high of $12.50. The firm has a market cap of $661.66 million, a PE ratio of -18.05 and a beta of 0.96. 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 stock has a fifty day moving average price of $9.62 and a 200 day moving average price of $7.63.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced 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%. Sell-side analysts anticipate that MYT Netherlands Parent B.V. will post -0.39 earnings per share 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.