My Size, Inc. (NASDAQ:MYSZ) Sees Large Decline in Short Interest

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 41,318 shares, a drop of 38.9% from the June 30th total of 67,584 shares. Based on an average trading volume of 23,877 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.0% of the company’s stock are sold short.

My Size Stock Down 1.2%

MYSZ traded down $0.01 during midday trading on Thursday, hitting $0.41. 2,269 shares of the company’s stock traded hands, compared to its average volume of 116,578. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.69 and a quick ratio of 0.76. The company has a market cap of $1.95 million, a PE ratio of -0.24 and a beta of -0.09. The stock’s fifty day simple moving average is $0.47 and its 200-day simple moving average is $0.58. My Size has a one year low of $0.33 and a one year high of $1.48.

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

Hedge Funds Weigh In On My Size

An institutional investor recently bought a new position in My Size stock. Virtu Financial LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.98% of My Size as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 27.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, the stock has an average rating of “Sell”.

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.