Short Interest in My Size, Inc. (NASDAQ:MYSZ) Decreases By 76.0%

My Size, Inc. (NASDAQ:MYSZ) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 20,105 shares, a drop of 76.0% from the May 14th total of 83,869 shares. Based on an average trading volume of 86,902 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

My Size Stock Down 7.5%

My Size stock opened at $0.49 on Wednesday. My Size has a fifty-two week low of $0.47 and a fifty-two week high of $1.65. The firm has a market capitalization of $2.36 million, a PE ratio of -0.28 and a beta of -0.10. The company’s 50-day moving average is $0.58 and its 200-day moving average is $0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.69 and a quick ratio of 0.76.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of My Size in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat, My Size presently has an average rating of “Sell”.

Hedge Funds Weigh In On My Size

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC purchased a new stake in My Size, Inc. (NASDAQ:MYSZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.71% of the company’s stock.

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.