My Size, Inc. (NASDAQ:MYSZ) Sees Large Increase in Short Interest

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

My Size Stock Up 5.7%

My Size stock traded up $0.17 during midday trading on Monday, reaching $3.14. The stock had a trading volume of 8,757,310 shares, compared to its average volume of 78,559. The stock has a market capitalization of $2.10 million, a P/E ratio of -0.20 and a beta of -0.07. The firm’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $4.33. 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 has a 1-year low of $2.64 and a 1-year high of $11.84.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, My Size currently has an average 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 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 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.