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

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a significant drop in short interest during 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 daily volume of 23,877 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the shares of the company are short sold.

Analyst Ratings Changes

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

My Size Price Performance

Shares of MYSZ stock traded down $0.01 during mid-day trading on Thursday, hitting $0.41. 2,269 shares of the stock traded hands, compared to its average volume of 116,578. My Size has a twelve month low of $0.33 and a twelve month high of $1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.69. The company’s 50-day simple moving average is $0.47 and its 200-day simple moving average is $0.58. The firm has a market cap of $1.95 million, a price-to-earnings ratio of -0.24 and a beta of -0.09.

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

Institutional Trading of My Size

An institutional investor recently bought a new stake in My Size stock. Virtu Financial LLC bought a new position in My Size, Inc. (NASDAQ:MYSZ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned 0.98% of My Size at the end of the most recent reporting period. 27.71% of the stock is 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.