My Size, Inc. (NASDAQ:MYSZ) Sees Large Drop in Short Interest

My Size, Inc. (NASDAQ:MYSZ) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,992 shares, a decrease of 85.9% from the July 30th total of 70,838 shares. Based on an average daily trading volume, of 136,787 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

My Size Stock Up 2.4%

NASDAQ MYSZ traded up $0.06 during trading hours on Thursday, reaching $2.60. 22,595 shares of the company’s stock traded hands, compared to its average volume of 82,476. My Size has a 52-week low of $2.23 and a 52-week high of $11.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.70. The firm has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $4.11. The firm has a market cap of $1.89 million, a PE ratio of -0.17 and a beta of -0.07.

My Size (NASDAQ:MYSZ) last released its earnings results on Thursday, August 13th. The company reported ($2.92) earnings per share (EPS) for the quarter. My Size had a negative net margin of 66.75% and a negative return on equity of 161.47%. The business had revenue of $3.07 million for the quarter.

Hedge Funds Weigh In On My Size

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.98% of My Size as of its most recent filing with the Securities and Exchange Commission (SEC). 27.71% of the stock is owned by hedge funds and other institutional investors.

My Size Company Profile

My Size, Inc (NASDAQ: MYSZ) is a technology company specializing in mobile measurement and dimensioning solutions designed to optimize online shopping and logistics operations. Leveraging proprietary algorithms and smartphone sensors, the company enables consumers to obtain accurate body measurements and apparel fit recommendations, while also providing carriers and warehouses with automated package dimensioning systems. By addressing pain points related to e-commerce returns and shipping inefficiencies, My Size aims to drive cost savings and improve customer satisfaction across the retail and delivery ecosystems.

The company’s flagship offering, MySizeID™, is a mobile application and software development kit (SDK) that integrates with e-commerce platforms to guide shoppers to the correct garment size.