Short Interest in My Size, Inc. (NASDAQ:MYSZ) Declines By 35.9%

My Size, Inc. (NASDAQ:MYSZ) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 12,893 shares, a drop of 35.9% from the May 31st total of 20,105 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 406,584 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, My Size currently has a consensus rating of “Sell”.

My Size Price Performance

My Size stock remained flat at $0.46 during trading hours on Friday. 31,433 shares of the company’s stock were exchanged, compared to its average volume of 253,914. The company has a market capitalization of $2.22 million, a P/E ratio of -0.27 and a beta of -0.09. The stock has a 50 day moving average of $0.52 and a 200 day moving average of $0.64. My Size has a fifty-two week low of $0.38 and a fifty-two week high of $1.65. The company has a current ratio of 1.69, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On My Size

An institutional investor recently bought a new position in My Size stock. Virtu Financial LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.98% of My Size at the end of the most recent quarter. Institutional investors and hedge funds own 27.71% of the company’s stock.

My Size Company Profile

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.