Short Interest in My Size, Inc. (NASDAQ:MYSZ) Decreases By 76.0%

My Size, Inc. (NASDAQ:MYSZ) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 20,105 shares, a decline of 76.0% from the May 14th total of 83,869 shares. Based on an average trading volume of 86,902 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of My Size in a report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, My Size presently 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 shares of My Size, Inc. (NASDAQ:MYSZ) during the 3rd quarter, according to its most recent Form 13F filing 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 about 0.98% of My Size at the end of the most recent reporting period. Institutional investors and hedge funds own 27.71% of the company’s stock.

My Size Trading Down 7.5%

My Size stock opened at $0.49 on Wednesday. The company’s fifty day simple moving average is $0.58 and its 200-day simple moving average is $0.69. The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 0.20. My Size has a 12 month low of $0.47 and a 12 month high of $1.65. The stock has a market cap of $2.36 million, a P/E ratio of -0.28 and a beta of -0.10.

My Size (NASDAQ:MYSZ) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.01. My Size had a negative net margin of 60.99% and a negative return on equity of 105.26%. The firm had revenue of $2.39 million during the quarter, compared to analysts’ expectations of $3.50 million.

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.