MYT Netherlands Parent B.V. (NYSE:MYTE) Short Interest Up 309.9% in October

MYT Netherlands Parent B.V. (NYSE:MYTE) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 598,100 shares, an increase of 309.9% from the September 30th total of 145,900 shares. Based on an average daily volume of 312,100 shares, the days-to-cover ratio is currently 1.9 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. SageView Advisory Group LLC acquired a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter valued at $47,000. Luxor Capital Group LP increased its stake in MYT Netherlands Parent B.V. by 591.8% during the 2nd 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 period. Avalon Global Asset Management LLC increased its stake in MYT Netherlands Parent B.V. by 14.8% during the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after buying an additional 90,000 shares during the period. Finally, Sylebra Capital LLC increased its stake in MYT Netherlands Parent B.V. by 1.1% during the 1st quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after buying an additional 41,914 shares during the period. Institutional investors and hedge funds own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Trading Up 10.0 %

Shares of MYTE traded up $0.68 during mid-day trading on Friday, reaching $7.51. The company had a trading volume of 197,552 shares, compared to its average volume of 143,735. The stock has a market cap of $638.37 million, a price-to-earnings ratio of -22.76 and a beta of 1.12. The firm has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $4.61. MYT Netherlands Parent B.V. has a fifty-two week low of $2.05 and a fifty-two week high of $8.24. The company has a current ratio of 2.04, a quick ratio of 0.33 and a debt-to-equity ratio of 0.09.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). The company had revenue of $240.24 million during the quarter, compared to analyst estimates of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. During the same quarter last year, the business earned ($0.07) EPS.

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.