Short Interest in MYT Netherlands Parent B.V. (NYSE:MYTE) Expands By 58.4%

MYT Netherlands Parent B.V. (NYSE:MYTE) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 630,500 shares, a growth of 58.4% from the March 31st total of 398,000 shares. Based on an average daily trading volume, of 216,000 shares, the short-interest ratio is presently 2.9 days. Approximately 0.8% of the shares of the stock are short sold.

MYT Netherlands Parent B.V. Trading Down 2.5 %

Shares of MYT Netherlands Parent B.V. stock opened at $7.65 on Friday. The company has a 50 day simple moving average of $8.36 and a two-hundred day simple moving average of $8.03. The firm has a market cap of $655.17 million, a PE ratio of -17.78 and a beta of 1.08. MYT Netherlands Parent B.V. has a 1 year low of $3.22 and a 1 year high of $12.50. 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. (NYSE:MYTE) last announced its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. Analysts expect that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake 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 buying an additional 4,119 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of MYT Netherlands Parent B.V. in the 1st quarter valued at $47,000. JPMorgan Chase & Co. bought a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at $80,000. XTX Topco Ltd purchased a new position in MYT Netherlands Parent B.V. in the 4th quarter worth $96,000. Finally, BNP Paribas Financial Markets bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter worth $106,000. 10.07% of the stock is currently owned by institutional investors.

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.