Short Interest in MYT Netherlands Parent B.V. (NYSE:MYTE) Decreases By 37.2%

MYT Netherlands Parent B.V. (NYSE:MYTE) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 75,900 shares, a decrease of 37.2% from the December 15th total of 120,800 shares. Based on an average daily volume of 207,300 shares, the short-interest ratio is currently 0.4 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Luxor Capital Group LP grew its holdings in shares of MYT Netherlands Parent B.V. by 94.3% during the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after purchasing an additional 223,013 shares in the last quarter. Avalon Global Asset Management LLC lifted its position in MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after purchasing an additional 90,000 shares during the period. Finally, Portolan Capital Management LLC boosted its stake 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 buying an additional 422,942 shares in the last quarter. 10.07% of the stock is currently owned by institutional investors.

MYT Netherlands Parent B.V. Stock Performance

NYSE MYTE opened at $7.59 on Tuesday. The company’s fifty day moving average is $6.88 and its two-hundred day moving average is $5.48. The firm has a market capitalization of $647.17 million, a price-to-earnings ratio of -16.87 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26. MYT Netherlands Parent B.V. has a 52-week low of $2.41 and a 52-week high of $8.24.

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.