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

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Luxor Capital Group LP raised its position in MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after purchasing an additional 202,379 shares during the last quarter. Avalon Global Asset Management LLC increased its stake in shares of 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 valued at $3,570,000 after buying an additional 90,000 shares in the last quarter. Finally, Portolan Capital Management LLC raised its holdings in shares of MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after buying an additional 422,942 shares during the last quarter. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Trading Up 3.4 %

Shares of MYTE stock opened at $7.59 on Tuesday. The company has a market capitalization of $647.17 million, a P/E ratio of -16.87 and a beta of 0.97. MYT Netherlands Parent B.V. has a 12-month low of $2.41 and a 12-month high of $8.24. The company has a quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $6.88 and a 200 day moving average price of $5.48.

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.