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

My Size, Inc. (NASDAQ:MYSZ) saw a significant decline in short interest in 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. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 136,787 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 has an average rating of “Sell”.

My Size Trading Up 1.2%

Shares of My Size stock traded up $0.03 during trading on Wednesday, hitting $2.61. The stock had a trading volume of 10,921 shares, compared to its average volume of 82,786. My Size has a 1 year low of $2.23 and a 1 year high of $11.84. The stock has a 50 day simple moving average of $3.31 and a 200 day simple moving average of $4.15. 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 $1.91 million, a PE ratio of -0.17 and a beta of -0.07.

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

Institutional Trading of My Size

A hedge fund recently raised its stake in My Size stock. DRW Securities LLC lifted its holdings in My Size, Inc. (NASDAQ:MYSZ) by 114.3% in the 4th 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 buying an additional 39,046 shares during the period. DRW Securities LLC owned about 1.90% of My Size worth $56,000 as of its most recent SEC filing. 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.