Short Interest in My Size, Inc. (NASDAQ:MYSZ) Drops By 15.4%

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 78,627 shares, a decline of 15.4% from the March 31st total of 92,913 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 62,201 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of My Size in a report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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) during the third quarter, according to its most recent filing with the SEC. The firm purchased 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 quarter. 27.71% of the stock is currently owned by institutional investors and hedge funds.

My Size Trading Up 1.0%

Shares of MYSZ stock traded up $0.01 on Friday, reaching $0.63. 17,586 shares of the company’s stock were exchanged, compared to its average volume of 113,077. My Size has a 52 week low of $0.50 and a 52 week high of $1.65. The company has a current ratio of 1.87, a quick ratio of 1.14 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.01 million, a PE ratio of -0.33 and a beta of -0.28. The company’s fifty day simple moving average is $0.61 and its 200 day simple moving average is $0.81.

My Size (NASDAQ:MYSZ) last issued its quarterly earnings results on Wednesday, April 15th. The company reported ($0.87) earnings per share (EPS) for the quarter. My Size had a negative return on equity of 90.39% and a negative net margin of 62.51%.The business had revenue of $3.31 million for the quarter. As a group, analysts forecast that My Size will post -2.7 EPS for the current year.

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.