Short Interest in My Size, Inc. (NASDAQ:MYSZ) Drops By 30.2%

by · The Markets Daily

My Size, Inc. (NASDAQ:MYSZ – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 107,308 shares, a drop of 30.2% from the December 15th total of 153,678 shares. Based on an average daily volume of 59,392 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.9% of the company’s stock are sold short. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 59,392 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

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

My Size Price Performance

NASDAQ MYSZ traded down $0.06 during mid-day trading on Friday, reaching $0.87. 162,893 shares of the company’s stock traded hands, compared to its average volume of 265,689. My Size has a 1-year low of $0.73 and a 1-year high of $3.15. The company has a fifty day simple moving average of $0.91 and a 200-day simple moving average of $1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.73 and a quick ratio of 1.72.

My Size (NASDAQ:MYSZ – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported ($0.40) earnings per share (EPS) for the quarter. My Size had a negative net margin of 47.39% and a negative return on equity of 51.51%. The business had revenue of $2.57 million during the quarter. On average, equities analysts expect that My Size will post -3.43 EPS for the current year.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on My Size

About My Size

(Get Free Report)

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.

Read More