LuxExperience B.V. - Sponsored ADR (NYSE:LUXE) Sees Significant Growth in Short Interest

Key Points

• LuxExperience B.V. (NYSE:LUXE) saw an increase in short interest of 106.7% in September, rising to 2,150,000 shares as of September 30th.
• Equities analysts currently hold an average rating of "Sell" on LuxExperience B.V., with recent downgrades from Wall Street Zen and Weiss Ratings.
• The company's earnings report revealed an EPS of $5.30, exceeding expectations by $5.48 while generating revenue of $666.94 million for the quarter.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,150,000 shares, a growth of 106.7% from the September 15th total of 1,040,000 shares. Based on an average daily trading volume, of 268,500 shares, the days-to-cover ratio is presently 8.0 days. Based on an average daily trading volume, of 268,500 shares, the days-to-cover ratio is presently 8.0 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LUXE shares. Wall Street Zen downgraded LuxExperience B.V. from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of LuxExperience B.V. in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

LuxExperience B.V. Stock Performance

NYSE:LUXE traded up $0.61 on Monday, hitting $8.93. 339,932 shares of the stock were exchanged, compared to its average volume of 567,962. The firm has a market capitalization of $765.30 million, a PE ratio of 1.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.11. LuxExperience B.V. has a fifty-two week low of $6.00 and a fifty-two week high of $12.50.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) last posted its earnings results on Thursday, September 25th. The company reported $5.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $5.48. LuxExperience B.V. had a return on equity of 91.09% and a net margin of 45.47%.The business had revenue of $666.94 million during the quarter, compared to analyst estimates of $642.60 million.

LuxExperience 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, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.