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

My Size, Inc. (NASDAQ:MYSZ) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 70,838 shares, a growth of 71.4% from the July 15th total of 41,318 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 69,686 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On My Size

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

My Size Stock Up 5.7%

Shares of NASDAQ MYSZ traded up $0.17 during trading hours on Monday, hitting $3.14. The company had a trading volume of 8,757,310 shares, compared to its average volume of 78,559. The stock has a market capitalization of $2.10 million, a P/E ratio of -0.20 and a beta of -0.07. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. My Size has a 1-year low of $2.64 and a 1-year high of $11.84. The firm’s 50 day moving average is $3.47 and its 200-day moving average is $4.33.

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

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.