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

My Size, Inc. (NASDAQ:MYSZ) was the target of a significant 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. Currently, 5.8% of the company’s stock are short sold. Based on an average daily volume of 874,327 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of My Size in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On My Size

A hedge fund recently raised its stake in My Size stock. DRW Securities LLC raised its holdings in shares of My Size, Inc. (NASDAQ:MYSZ) by 114.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,214 shares of the company’s stock after acquiring an additional 39,046 shares during the quarter. DRW Securities LLC owned approximately 1.90% of My Size worth $56,000 as of its most recent SEC filing. 27.71% of the stock is currently owned by hedge funds and other institutional investors.

My Size Stock Down 10.8%

Shares of MYSZ stock traded down $0.21 during mid-day trading on Friday, hitting $1.73. The company’s stock had a trading volume of 40,605 shares, compared to its average volume of 533,334. The stock has a market cap of $1.26 million, a price-to-earnings ratio of -0.11 and a beta of -0.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.29. My Size has a 52-week low of $1.71 and a 52-week high of $11.04. The business has a 50-day moving average price of $2.95 and a 200 day moving average price of $3.93.

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

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.