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

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

Analyst Ratings Changes

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

Institutional Trading of My Size

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC purchased a new stake in My Size, Inc. (NASDAQ:MYSZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 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 institutional investors and hedge funds.

My Size Stock Performance

NASDAQ MYSZ traded up $0.03 during trading hours on Wednesday, hitting $2.61. The company had a trading volume of 10,921 shares, compared to its average volume of 82,786. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. My Size has a fifty-two week low of $2.23 and a fifty-two week high of $11.84. The business has a fifty day simple moving average of $3.31 and a 200-day simple moving average of $4.15. The firm has a market cap of $1.91 million, a P/E ratio of -0.17 and a beta of -0.07.

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

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.