Short Interest in My Size, Inc. (NASDAQ:MYSZ) Increases By 71.4%

My Size, Inc. (NASDAQ:MYSZ) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 70,838 shares, a growth of 71.4% from the July 15th total of 41,318 shares. Based on an average daily trading volume, of 69,686 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.7% of the shares of the stock are short sold.

My Size Trading Down 24.0%

Shares of My Size stock traded down $0.74 on Tuesday, reaching $2.34. The company had a trading volume of 493,178 shares, compared to its average volume of 82,440. The firm’s 50 day moving average price is $3.44 and its two-hundred day moving average price is $4.30. The firm has a market cap of $1.58 million, a PE ratio of -0.15 and a beta of -0.07. My Size has a 52-week low of $2.23 and a 52-week high of $11.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.29.

My Size (NASDAQ:MYSZ) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($2.92) earnings per share for the quarter. My Size had a negative return on equity of 161.47% and a negative net margin of 66.75%.The company had revenue of $3.07 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in My Size stock. DRW Securities LLC lifted its position in My Size, Inc. (NASDAQ:MYSZ) by 114.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,214 shares of the company’s stock after buying an additional 39,046 shares during the quarter. DRW Securities LLC owned approximately 1.90% of My Size worth $56,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of My Size in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, My Size currently has an average rating of “Sell”.

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.