My Size Stock Set to Reverse Split on Tuesday, April 23rd (NASDAQ:MYSZ)

My Size, Inc. (NASDAQ:MYSZ)’s stock is set to reverse split before the market opens on Tuesday, April 23rd. The 1-8 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 23rd.

My Size Stock Up 5.3 %

Shares of My Size stock opened at $0.49 on Friday. The firm’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.58. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.05. My Size has a 52-week low of $0.36 and a 52-week high of $2.74. The company has a market cap of $1.76 million, a P/E ratio of -0.11 and a beta of 1.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in My Size stock. Armistice Capital LLC boosted its stake in shares of My Size, Inc. (NASDAQ:MYSZ) by 78.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,000 shares of the company’s stock after purchasing an additional 138,000 shares during the period. Armistice Capital LLC owned approximately 8.70% of My Size worth $213,000 at the end of the most recent reporting period. 27.71% of the stock is currently owned by hedge funds and other institutional investors.

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven apparel sizing and digital solutions for online shopping and physical stores in Israel. The company operates through three segments: Fashion and Equipment E-Commerce Platform; SaaS Solutions; and Naiz. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows consumers to measure the size of their parcel with their smartphone, calculate shipping costs, and arrange for a convenient pick-up time for the package; and SizeUp, a digital tape measure that allows users to measure length, width, and height of a surface by moving their smartphone from point to point of an object or space.