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

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 41,318 shares, a decrease of 38.9% from the June 30th total of 67,584 shares. Based on an average daily trading volume, of 23,877 shares, the short-interest ratio is currently 1.7 days. Currently, 1.0% of the company’s stock are short sold.

My Size Stock Up 3.0%

Shares of My Size stock opened at $0.41 on Friday. My Size has a 52-week low of $0.33 and a 52-week high of $1.48. The company has a 50 day moving average of $0.46 and a 200 day moving average of $0.58. The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.98 million, a P/E ratio of -0.24 and a beta of -0.09.

My Size (NASDAQ:MYSZ) last announced its quarterly earnings data 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 analyst estimates 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

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC bought a new stake in My Size, Inc. (NASDAQ:MYSZ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.98% of My Size at the end of the most recent quarter. Institutional investors own 27.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.