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

My Size, Inc. (NASDAQ:MYSZ – Get Free Report) was the recipient of a large 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 shares of the stock are short sold. Based on an average daily trading volume, of 406,584 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

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Institutional Investors Weigh In On My Size

A hedge fund recently raised its position in My Size stock. DRW Securities LLC boosted its holdings in shares of My Size, Inc. (NASDAQ:MYSZ – Free Report) by 114.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,214 shares of the company’s stock after purchasing an additional 39,046 shares during the period. DRW Securities LLC owned approximately 1.90% of My Size worth $56,000 at the end of the most recent quarter. 27.71% of the stock is owned by institutional investors and hedge funds.

My Size Price Performance

Shares of MYSZ stock traded down $0.01 during mid-day trading on Thursday, hitting $0.47. 11,720 shares of the stock traded hands, compared to its average volume of 126,399. My Size has a twelve month low of $0.38 and a twelve month high of $1.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.69. The company’s 50-day simple moving average is $0.52 and its 200-day simple moving average is $0.64. The firm has a market cap of $2.25 million, a price-to-earnings ratio of -0.27 and a beta of -0.08.

My Size (NASDAQ:MYSZ – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.01. My Size had a negative return on equity of 105.26% and a negative net margin of 60.99%.The business had revenue of $2.39 million during the quarter, compared to analyst estimates of $3.50 million.

About My Size

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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.

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