My Size, Inc. (NASDAQ:MYSZ) Short Interest Up 264.4% in August

My Size, Inc. (NASDAQ:MYSZ) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 36,410 shares, an increase of 264.4% from the August 15th total of 9,992 shares. Based on an average daily trading volume, of 874,327 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

My Size Price Performance

NASDAQ:MYSZ traded down $0.21 on Friday, reaching $1.73. The stock had a trading volume of 40,605 shares, compared to its average volume of 533,334. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.26 million, a P/E ratio of -0.11 and a beta of -0.09. My Size has a 1-year low of $1.71 and a 1-year high of $11.04. The stock has a fifty day moving average price of $2.95 and a 200-day moving average price of $3.93.

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

Institutional Inflows and Outflows

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

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.