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

My Size, Inc. (NASDAQ:MYSZ) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 211,808 shares, an increase of 56.6% from the February 12th total of 135,241 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 31,468 shares, the days-to-cover ratio is presently 6.7 days. Based on an average daily trading volume, of 31,468 shares, the days-to-cover ratio is presently 6.7 days. Currently, 5.7% of the company’s stock are short sold.

Institutional Investors Weigh In On My Size

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

My Size Price Performance

Shares of MYSZ traded down $0.05 during mid-day trading on Friday, hitting $0.56. The company’s stock had a trading volume of 81,375 shares, compared to its average volume of 40,481. The stock’s 50-day moving average is $0.70 and its two-hundred day moving average is $0.96. My Size has a one year low of $0.50 and a one year high of $3.04. The company has a quick ratio of 1.72, a current ratio of 2.73 and a debt-to-equity ratio of 0.11.

About My Size

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.