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

My Size, Inc. (NASDAQ:MYSZ) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 67,584 shares, a growth of 424.2% from the June 15th total of 12,893 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,281 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of My Size in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, My Size presently has an average rating of “Sell”.

My Size Trading Down 5.4%

Shares of MYSZ traded down $0.03 during midday trading on Monday, hitting $0.45. The stock had a trading volume of 26,882 shares, compared to its average volume of 121,546. My Size has a fifty-two week low of $0.38 and a fifty-two week high of $1.65. The business has a 50-day simple moving average of $0.50 and a two-hundred day simple moving average of $0.62. The firm has a market cap of $2.18 million, a P/E ratio of -0.26 and a beta of -0.09. The company has a current ratio of 1.69, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

My Size (NASDAQ:MYSZ) last released its earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.01. The business had revenue of $2.39 million for the quarter, compared to the consensus estimate of $3.50 million. My Size had a negative net margin of 60.99% and a negative return on equity of 105.26%.

Institutional Trading of My Size

An institutional investor recently raised its stake in My Size stock. DRW Securities LLC increased its holdings in shares of My Size, Inc. (NASDAQ:MYSZ) by 114.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,214 shares of the company’s stock after buying an additional 39,046 shares during the quarter. DRW Securities LLC owned 1.90% of My Size worth $56,000 as of its most recent filing with the Securities and Exchange Commission. 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.